New Enterprise Stone & Lime to sell $200 million five-year notes

By Paul A. Harris

Portland, Ore., March 6 – New Enterprise Stone & Lime Co., Inc. plans to sell $200 million of five-year notes in a deal expected to price on Thursday, according to market sources.

Goldman Sachs & Co. is the bookrunner for the Rule 144A for life and Regulation S offering. KKR Capital Markets is the co-manager.

The notes come with two years of call protection.

The New Enterprise, Pa.-based heavy construction materials supplier and contractor plans to use the proceeds, together with cash on hand and borrowings under its revolving credit facility, to repurchase its existing notes via tender and/or redemption.

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