Akin Gump Advises U.S. Concrete in Closing of Note Offering

November 22, 2013

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

(Dallas) – Akin Gump advised U.S. Concrete, Inc. in the company’s 144A/Reg. S offering of $200 million aggregate principal amount of 8.500% senior secured notes due 2018 (the “New Notes”). The New Notes are senior secured obligations of the company and are guaranteed by the existing and future subsidiaries of the company. The company used a portion of the net proceeds from the offering to repay all of the outstanding borrowings under its revolving credit facility and to redeem all of its outstanding 9.50% Senior Secured Notes due 2015.  U.S. Concrete will use the remaining net proceeds from the offering for general corporate purposes. 

Akin Gump corporate partners Garrett DeVries and Alan Laves led the team advising U.S. Concrete, along with counsel Sean Gurgle and Meng Ru. Others involved were partner Kerry Berchem, counsel James England and Julie Street, and associates Matt Bivona, Andrew Tran and Brian Oh, Olivier De Moor and John Clayton.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

Related Services, Sectors, and Regions

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.