Vulcan Materials Announces $1.0 Billion Senior Note Offering

Vulcan Materials Company VMC announced today that it intends to offer, subject to market and other conditions, $1.0 billion in aggregate principal amount of senior unsecured notes due 2016 and senior unsecured notes due 2021. Vulcan Materials intends to use the net proceeds from this offering to refinance its existing term loan, fund a partial tender offer for its existing senior notes due 2012 and 2013, reduce borrowings under its credit facility, and for general corporate purposes.