Smyrna Ready Mix Concrete Completes Notes Offering and Term Loan Repricing

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering by Smyrna Ready Mix Concrete, LLC (“SRM”) of $1,100 million aggregate principal amount of 8.875% Senior Secured Notes due 2031.~~Simpson Thacher also represented JPMorgan Chase Bank, N.A., as administrative agent, and the lenders in connection with the repricing of SRM’s Term Loan B.~~SRM is one of the largest privately held ready-mix concrete providers in the country. Founded in 1999, it is a family-owned and operated company providing ready-mix concrete, aggregates and concrete-related products and services, such as material hauling and concrete pumping.~~The Simpson Thacher team for the transaction included John C. Ericson, Matt Hart, Sydney Mark, Jack Ligon and Mark Marzziotti (Capital Markets); Dan Kay, Dennis Durkin and Abdulyekinni Fasinro (Credit); Jonathan Pall (Collateral); Tim Gallagher (Real Estate); Jon Cantor (Tax); Pasco Struhs and Josh Goldman (Executive Compensation and Employee Benefits); Bobbie Burrows, Mark Natividad and Courtney Welshimer (Intellectual Property); and Jennie Getsin (Blue Sky).~~

Smyrna Ready Mix Concrete Completes Notes Offering and Term Loan Repricing

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Smyrna Ready Mix Concrete Completes Notes Offering and Term Loan Repricing

AI-made summary

John EricsonMatthew HartMark MarzziottiDaniel KayDennis DurkinAbdulyekinni FasinroJonathan PallTimothy GallagherJonathan CantorJ. StruhsJoshua GoldmanCourtney WelshimerJennie Getsin

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