Eagle Materials plans to repay $295 million of revolver via new notes

By Marisa Wong

Morgantown, W.Va., July 25 – Eagle Materials Inc. said it intends to repay about $295 million of borrowings under its revolving credit facility using proceeds from an offering of senior notes.

The Dallas-based company announced on Monday a public offering of $300 million of senior notes due 2026.

Eagle Materials manufactures and distributes cement, gypsum wallboard, recycled paperboard, concrete and aggregates and oil and gas proppants.

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