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CRH launches cash tender offers up to $1,035 for Arcosa Notes due 2029 and 2032

CRHCrh Public Ltd Co

Following its October acquisition of Arcosa, CRH plc announced cash tender offers and exchange offers for up to $1 billion in aggregate principal amount of Arcosa's outstanding senior notes. The company will pay a total consideration of $1,035 per $1,000 principal amount for the 4.375% Notes due 2029 and $1,035 for the 6.875% Notes due 2032 if tendered by November 18, with a reduced price of $933.75 and $985 respectively after that date. CRH is also soliciting consents to amend indentures governing these notes. CRH plc operates as the leading provider of building materials critical to modernizing infrastructure.

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