Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a debut Rule 144A/Regulation S offering of $400 million aggregate principal amount of 4.375% Senior Notes due 2029 by Arcosa, Inc. (“Arcosa”).
The notes are guaranteed on a senior unsecured basis by each of Arcosa’s existing and future U.S. subsidiaries that is a party to Arcosa’s Senior Credit Facility. Arcosa intends to use the net proceeds from the notes offering to fund the payment of the purchase price of its StonePoint acquisition, to repay any borrowings that may be outstanding under its 364-day Facility and to use any remaining net proceeds for general corporate purposes.
Arcosa, headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets.
The Simpson Thacher team included Art Robinson, Patrick Baron, Ben Heriaud and Arielle Trapp (Capital Markets); Jennifer Neilsson (ECEB); Michael Isby (Environmental); Genevieve Dorment and Alysha Sekhon (IP); Jonathan Cantor and Kris Liu (Tax); and Andrew Pagliughi (Blue Sky).