US: SRM Concrete has borrowed US$300m as an add-on to its senior secured term loan. Moody's Investor Services reported that part of the funds will pay off SRM Concrete's US$130m seller note issued for its acquisition of USC Atlantic from Vulcan Materials in November 2022.
SRM Concrete secures US$300m loan add-on
acquisition
aggregates
alternative raw materials
blocks
Canada
cementfree concrete
Cemex
circular economy
CO2
construction
construction and demolition materials
Germany
government
growth
Holcim
India
infrastructure
investment
launch
market
plant
precast
product
readymix concrete
recycling
research and development
supplementary cementitious materials
sustainability
UK
US