U.S. Concrete to start roadshow Thursday for $150 million 10-year notes

By Paul A. Harris

St. Louis, March 17 - U.S. Concrete Inc. will start a roadshow Thursday for a $150 million offering of 10-year senior subordinated notes (B3/B-), according to an informed source.

The deal is expected to price on March 26.

Citigroup and Banc of America Securities are joint bookrunners on the Rule 144A offering.

The notes will come with five years of call protection.

Proceeds will be used to redeem $95 million of the company's 12% senior subordinated notes and repay bank debt.

U.S. Concrete has headquarters in Houston.

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