US Concrete plans to start roadshow on Friday for $200 million seven-year secured notes

By Paul A. Harris

Portland, Ore., Nov. 7 - US Concrete Inc. plans to start a full roadshow on Friday for a $200 million offering of seven-year senior secured notes (expected ratings Caa1/B), according to a market source.

The deal is expected to price on Nov. 18.

J.P. Morgan Securities LLC is the bookrunner for the Rule 144A and Regulation S with registration rights offering.

The notes come with three years of call protection.

Proceeds will be used to repay bank debt and to redeem the company's 9½% notes due 2015.

The prospective issuer is a Euless, Texas-based supplier of ready-mixed concrete and concrete-related products and precast concrete products.

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