Arcosa will draw down on revolver for StonePoint Materials purchase

Chicago, March 22 – Arcosa, Inc. will draw down on its $500 million revolver for its $375 million cash purchase of StonePoint Ultimate Holding, LLC from an affiliate of Sun Capital Partners, Inc., according to a press release.

The transaction has been approved by Arcosa’s board of directors and has received regulatory approval under the Hart-Scott-Rodino Act.

The transaction is expected to close in April.

The company expects to refinance the borrowings from the revolver with long-term debt.

Dallas-based Arcosa is a growth-oriented manufacturer of infrastructure-related products and services in construction, energy and transportation markets.

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