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Vulcan Materials Plans $1B Note Sale

Vulcan Materials is seeking to raise around $1 billion in sale of notes.

Vulcan Materials is seekingto raise around $1 billion in sale of notes. The U.S. construction materials producer plans to offer senior unsecured notes due to mature in 2016 and 2021.

The company seeks to use the proceeds to buy back up to $275 million of notes that are due in 2012 and 2013, adds The Wall Street Journal. BofA Merrill Lynch, Goldman Sachs and SunTrust Robinson Humphrey have been named as joint book-running managers for the offering.

Click here for the release from PR Newswire.

Click here for additional coverage from The Wall Street Journal.

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