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

(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.

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