BIRMINGHAM, Ala., Nov. 8, 2018 /PRNewswire/ -- Vulcan
Materials Company (NYSE: VMC) (the "Company") announced today that
it has commenced a registered exchange offer (the "Exchange Offer")
to exchange $460,949,000 aggregate
principal amount of its 4.70% Notes due 2048, which have been
registered under the Securities Act of 1933, as amended (the
"Securities Act") (the "Exchange Notes"), for a like principal
amount of its outstanding unregistered 4.70% Notes due 2048, which
were issued in February and March
2018 in private placements pursuant to Rule 144A and
Regulation S under the Securities Act (the "Old Notes"). The
Exchange Offer is being made to satisfy the Company's obligations
under a registration rights agreement entered into in connection
with the issuance of the Old Notes. The Company will not receive
any proceeds from the issuance of the Exchange Notes.
The Exchange Offer will expire at 5:00
p.m., New York City time,
on December 10, 2018, unless
otherwise extended (such date and time, as they may be extended,
the "Expiration Date"). The settlement date for the Exchange
Offer will occur as promptly as practicable following the
Expiration Date. The Exchange Offer is made only pursuant to
the Company's prospectus, dated November 8, 2018, which has
been filed with the U.S. Securities and Exchange Commission.
Tendered Old Notes may be validly withdrawn at any time before the
Expiration Date. The consummation of the Exchange Offer is
subject to, and conditioned upon, the satisfaction or, where
permitted, waiver of the conditions discussed in the
prospectus. The Company has not authorized any person to
provide information other than as set forth in the prospectus.
Copies of the Exchange Offer prospectus and related materials
may be obtained from Regions Bank, the exchange agent for the
Exchange Offer, by faxing a request to (205) 264-5264 (for eligible
institutions only), emailing a request to patti.maner@regions.com
or john.holcomb@regions.com (for eligible institutions only) or by
mailing or delivering a request to Regions Bank, 1900 Fifth Avenue
North, 26th Floor, Birmingham,
Alabama 35203, Attention: Patti
Maner.
This press release does not constitute an offer or an invitation
by Vulcan Materials Company to participate in the Exchange Offer in
any jurisdiction in which it is unlawful to make such an offer or
solicitation.
Use of Forward-Looking Statements
This press 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
except as required by law.
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. For
additional information about Vulcan, go to
www.vulcanmaterials.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/vulcan-materials-company-announces-commencement-of-exchange-offer-for-4-70-notes-due-2048--300746133.html
SOURCE Vulcan Materials Company