BIRMINGHAM, Ala., April 13, 2015 /PRNewswire/ -- Vulcan Materials
Company (NYSE: VMC) (the "Company") announced today the final
results as of 11:59 p.m.,
New York City time, on
April 10, 2015 (the "Expiration
Date") of its previously announced tender offer (the "Tender
Offer") to purchase up to $200
million aggregate principal amount of its 7.00% Notes due
2018 (the "Notes").
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As disclosed on March 30, 2015,
$127.3 million aggregate principal
amount of the Notes were validly tendered as of 5:00 p.m., New York
City time, on March 27, 2015
(the "Early Tender Date"). All such Notes were accepted for
purchase by the Company and settled on March
30, 2015.
After the Early Tender Date, $185,000 aggregate principal amount of the Notes
were validly tendered, for a total of $127.4
million aggregate principal amount of the Notes being
validly tendered as of the Expiration Date. Notes validly
tendered after the Early Tender Date and accepted for purchase in
accordance with the terms of the Tender Offer will be settled today
via payment of the "Tender Offer Consideration" ($1,112.50).
The terms and conditions of the Tender Offer are set forth in an
Offer to Purchase and the related Letter of Transmittal dated
March 16, 2015 (the "Offer
Documents"). The Company made the Tender Offer only by, and
pursuant to, the terms and conditions set forth in the Offer
Documents.
BofA Merrill Lynch, Wells Fargo Securities, SunTrust Robinson
Humphrey and US Bancorp served as the joint dealer managers and
Goldman, Sachs & Co. and Regions Securities LLC served as the
co-dealer managers for the Tender Offer. The Tender Agent and
the Information Agent was D.F. King
& Co., Inc. Copies of the Offer to Purchase, Letter of
Transmittal and related offering materials are available by
contacting the Information Agent at (866) 751-6309 (toll-free) or
(212) 269-5550. Questions regarding the Tender Offer should
be directed to BofA Merrill Lynch at (888) 292-0070 (toll-free) or
(980) 387-2113 (collect), Wells Fargo Securities at (866) 309-6316
(toll-free), SunTrust Robinson Humphrey at (404) 926-5047
(collect) or US Bancorp at (877) 558-2607 (toll-free) or (612)
336-7604 (collect).
This press release is not an offer to sell or to purchase or a
solicitation to purchase or accept any securities. The Tender Offer
was made solely pursuant to the terms of the Offer to Purchase and
the related Letter of Transmittal. The Tender Offer was not
made to holders of Notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities
or other laws of such jurisdiction.
Vulcan Materials Company, a member of the S&P 500 Index, is
the nation's largest producer of construction aggregates, and a
major producer of other construction materials.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as
defined in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Statements that
include words such as "anticipate," "if," "believe," "plan,"
"estimate," "expect," "intend," "may," "could," "should," "will,"
and other similar expressions are forward-looking statements. Such
forward-looking statements are inherently uncertain, and security
holders must recognize that actual results may differ from
expectations. Readers are strongly encouraged to read the full
cautionary statements contained in Vulcan Materials Company filings
with the SEC. Vulcan Materials Company disclaims any obligation to
update or revise any forward-looking statements.
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SOURCE Vulcan Materials Company