ACA - Arcosa to raise $400M via private senior notes offering

Arcosa (ACA) announces private offering of $400M of senior unsecured notes due 2029. Net proceeds will be used to fund the payment of the purchase price of the previously announced acquisition of StonePoint Ultimate Holding, LLC and affiliated entities, which is expected to close in April 2021, to repay any borrowings that may be outstanding under a new $150M 364-day credit facility and remaining for general corporate purposes.

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Arcosa to raise $400M via private senior notes offering