Arcosa Inc.

08/06/2024 | Press release | Distributed by Public on 08/06/2024 06:02

Arcosa, Inc. Announces Launch of $700 Million Term Loan B Form 8 K

Arcosa, Inc. Announces Launch of $700 Million Term Loan B

DALLAS, Texas - ARCOSA, Inc. - August 6, 2024:
Arcosa, Inc. (NYSE: ACA) ("Arcosa," the "Company," "We," or "Our,") today announced that it is launching a proposed senior secured Term Loan B Facility due 2031 in an aggregate principal amount of up to $700.0 million (the "Term Loan").

Arcosa intends to use the proceeds from the Term Loan, together with available cash and other unsecured debt the Company intends to obtain, to fund the previously announced acquisition of the construction materials business of Stavola Holding Corporation and its affiliated entities for $1.2 billion in cash (such transaction, the "Transaction").

There can be no assurances that the Company will be successful in its marketing efforts or that it will be able to obtain the Term Loan. Closing of the Term Loan, which is anticipated to occur in the fourth quarter of 2024, is subject to market conditions, as well as the negotiation and execution of definitive documents and the satisfaction of customary closing conditions, including the concurrent closing of the Transaction.

972.942.6500 arcosa.com


About Arcosa

Arcosa, Inc., headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets.Arcosa reports its financial results in three principal business segments: Construction Products, Engineered Structures, and Transportation Products. For more information, visit www.arcosa.com.

Cautionary Statements About Forward-Looking Information

Some statements in this release, which are not historical facts, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa's estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words "anticipates," "assumes," "believes," "estimates," "expects," "intends," "forecasts," "may," "will," "should," "guidance," "outlook," "strategy," "plans," "goal," and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Arcosa expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, except as required by federal securities laws. Forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to assumptions, risks and uncertainties regarding failure to successfully complete and integrate acquisitions, including Ameron and Stavola, or divest any business, including the steel components business, or failure to achieve the expected benefits of acquisitions or divestitures; market conditions and customer demand for Arcosa's business products and services; the cyclical nature of, and seasonal or weather impact on, the industries in which Arcosa competes; competition and other competitive factors; governmental and regulatory factors; changing technologies; availability of growth opportunities; market recovery; ability to improve margins; the impact of inflation and costs of materials; assumptions regarding achievements of the expected benefits from the Inflation Reduction Act; the delivery or satisfaction of any backlog or firm orders; the impact of pandemics on Arcosa's business; and Arcosa's ability to execute its long-term strategy, and such forward-looking statements are not guarantees of future performance. For further discussion of such risks and uncertainties, see "Risk Factors" and the "Forward-Looking Statements" section of "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Arcosa's Form 10-K for the year ended December 31, 2023 and as may be revised and updated by Arcosa's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

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MEDIA CONTACT: [email protected]
INVESTOR CONTACTS
Gail M. Peck Erin Drabek David Gold
Chief Financial Officer Director of Investor Relations
ADVISIRY Partners
T 972.942.6500 T 212.661.2220
[email protected] [email protected]

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