Arcosa to repay borrowings under $150 million facility

By Taylor Fox

New York, March 29 – Arcosa, Inc. plans to repay borrowings outstanding under its $150 million 364-day credit facility with proceeds from its new offering of $400 million senior notes due 2029, according to a news release.

The proceeds will also be used to fund the payment of the purchase price of the acquisition of StonePoint Ultimate Holding, LLC and for general corporate purposes.

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

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