Moody's assigns Baa2 rating to Vulcan's proposed notes
Moody's Investors Service (Moody's) assigned a Baa2 senior unsecured rating to Vulcan Materials Company's (Vulcan) proposed senior unsecured notes due 2026. Proceeds from the new notes and cash on hand will go towards paying down the company's existing senior unsecured term loan and related fees and...Vulcan Materials is a supplier of construction aggregates and a producer of asphalt mix and ready-mixed concrete. The company has four segments: Aggregates, which produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services; Asphalt, which produces and sells asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee and Texas, and includes asphalt construction paving in Alabama, Tennessee and Texas; Concrete, which produces and sells ready-mixed concrete; and Calcium, which consists of a Florida facility that mines, produces and sells calcium products.
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