U.S. Concrete Announces the Closing of Its Offering of $200 Million of Additional Senior Notes Due 2024

EULESS, TX--(Marketwired - January 09, 2017) - U.S. Concrete, Inc. (NASDAQ: USCR) (the "Company" or "U.S. Concrete") announced today the closing of its offering of $200 million aggregate principal amount of its 6.375% Senior Notes due 2024 (the "Notes") at an issue price of 105.75% of the aggregate principal amount of the Notes plus accrued interest from and including December 1, 2016. The Notes will mature on June 1, 2024, unless redeemed in accordance with their terms prior to such date. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes were issued under the same indenture as the $400 million aggregate principal amount of the Company's 6.375% Senior Notes due 2024 previously issued on June 7, 2016 (the "Existing 6.375% Notes"). The terms of the Notes are identical to the terms of the Existing 6.375% Notes, other than the issue date, the issue price, the first interest payment date, and the provisions relating to transfer restrictions and registration rights. The Notes and the Existing 6.375% Notes will vote together and be treated as a single class, but will not be fungible with, or have the same CUSIP or ISIN numbers as, and will trade separately from, the Existing 6.375% Notes. We intend that, following the consummation of an exchange offer for the Notes, the exchange notes will have the same CUSIP and ISIN numbers as the Existing 6.375% Notes and will be fungible with the Existing 6.375% Notes.

The Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis by the Company's existing and future restricted subsidiaries that guarantee obligations under its senior secured asset-based revolving credit facility or that guarantee certain of its other indebtedness or certain indebtedness of its restricted subsidiaries.

The Company intends to use the net proceeds from this offering for general corporate purposes, including funding the purchase price of future acquisitions to expand its business.

The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.