U.S. Concrete starts roadshow for $350 million eight-year notes offer

By Paul A. Harris

Portland, Ore., May 17 – U.S. Concrete, Inc. started a roadshow on Tuesday for a $350 million offering of eight-year senior notes (expected ratings B3/BB-), according to a market source.

The deal is expected to price on May 24.

J.P. Morgan Securities LLC is the lead bookrunner.

The notes come with three years of call protection.

The Euless, Texas-based supplier of ready-mixed concrete and concrete-related products plans to use the proceeds to repay its revolver and to redeem $200 million of its 8½% notes due 2018.

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