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News Breaks | | | | September 6, 2012 | | 06:13 EDT |  | USCR | U.S. Concrete refinances credit facility
U.S. Concrete terminated its existing $75M asset based credit agreement and entered into a new $80M asset based credit agreement on August 31. The new credit agreement will expire on July 1, 2015 and includes an uncommitted accordion feature that may allow for an increase in the total commitments under the facility to as much as $125M. Proceeds from advances under the new credit agreement will be used to finance working capital, permitted acquisitions and for other lawful corporate purposes. | |
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