New Enterprise Stone to draw on revolver for notes tender offer

By Sara Rosenberg

New York, June 30 – New Enterprise Stone & Lime Co. Inc. plans to use borrowings under its revolving credit facility to help fund the tender offer for its 10 1/8% senior notes due 2022, according to a news release.

The tender offer will also be funded with proceeds from the sale of $200 million of senior notes and cash on hand.

New Enterprise Stone & Lime is a New Enterprise, Pa.-based construction materials supplier and heavy/highway construction contractor in Pennsylvania and western New York.

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