CRH arranged a $2.5 billion three-year term loan, reducing its bridge facility commitment to $3.25 billion in support of the Arcosa merger.
Key Highlights:
- Entered a $2.5bn three-year Term Loan Facility priced at SOFR plus a ratings-based margin to fund the Arcosa merger.
- Term Loan reduces Bridge Facility commitments from $5.75bn to $3.25bn; proceeds with bridge and cash expected to fund closing.
- Term Loan carries a ticking fee phased from 0% to 30% of margin on undrawn amounts and contains customary investment-grade terms, no financial covenants.
- CRH may replace remaining bridge commitments with alternative financings before closing; terms not committed and subject to market conditions.
Original SEC Filing:
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