CRH announced it has entered into a new $2.5 billion, three-year term loan facility to partially finance its previously announced acquisition of Arcosa, Inc. This new credit facility reduces the commitments under the company's existing $5.75 billion bridge loan, which was established for the transaction.
Key Details
- New Financing: CRH America Finance, Inc., an indirect subsidiary, secured a $2.5 billion term loan facility on July 17, 2026.
- Reduced Bridge Facility: The new term loan reduces the commitment under the original $5.75 billion bridge facility to $3.25 billion.
- Loan Terms: The loan bears interest at the Secured Overnight Financing Rate (SOFR) plus a margin based on credit ratings and includes no financial covenants.
- Use of Proceeds: The facility, along with the remaining bridge loan and cash on hand, will be used to fund the Arcosa merger, refinance Arcosa's debt, and pay related fees.