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Form 8-K · Current Report · Filed 2024-11-04

Vulcan Materials Company Enters Into New Credit Agreements

On November 4, 2024, Vulcan Materials Company entered into a new credit agreement for a $2.0 billion 2-year delayed draw term loan facility with Truist Bank.

Filer
Vulcan Materials Company VMC · NYSE
Filed
Accession
0001193125-24-250653
CIK
0001396009
Signal
Medium impactBasic Materials

Details

The agreement is intended to fund the acquisition of Wake Stone Corporation. Additionally, Vulcan amended its existing revolving credit agreement, extending the maturity date to November 4, 2029, with two one-year extension options.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered New Debt Issued
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$270.39

Next session

+0.8%

Since filing

-0.7%

Latest close

$268.57

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from VMC reporting the same item, with the next session's move:

Exhibits (2)

About Vulcan Materials Company

Vulcan Materials Company is a leading producer of construction aggregates, which are essential components for constructing infrastructure such as roads, bridges, and buildings. The company primarily focuses on the production and supply of crushed stone, sand, and gravel. Established in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials operates extensive production facilities and distribution networks throughout the United States. The company’s products are critical to the construction and maintenance of public sectors and play a significant role in the development of private and commercial properties. Vulcan Materials also engages in supporting sectors such as asphalt and concrete production. Its position as a major supplier in the construction materials industry underscores its significance in supporting growth and development efforts, particularly in expanding urban and rural infrastructure projects. By providing quality materials that form the backbone of transportation and construction frameworks, Vulcan Materials plays a vital role in shaping sustainable and efficient communities.

Exchange NYSE Industry Building Materials Company website ↗

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