CRH Announces $2.5 Billion Term Loan Facility for Arcosa Merger

Summary

CRH public limited company announced a $2.5 billion term loan facility to support the merger of CRH Americas, Inc. with Arcosa, Inc. This facility, along with the existing $3.25 billion bridge facility, will be used to finance the merger. The term loan facility has a three-year term and includes a ticking fee structure based on the applicable margin. The merger is expected to close with the use of these financing arrangements, subject to certain conditions.