EULESS, Texas, Feb. 6, 2013 (GLOBE NEWSWIRE) -- U.S. Concrete, Inc. (Nasdaq:USCR) announced today that it has commenced an offer to exchange up to $69,300,000 aggregate principal amount of newly issued 9.5% Senior Secured Notes due 2015 ("New Notes") for all of the Company's outstanding 9.5% Convertible Secured Notes due 2015 (CUSIP Nos. 90333LAE2 and 90333LAF9) (the "Convertible Notes"). The exchange offer and related consent solicitation (the "Exchange Offer") is being made upon the terms and subject to the conditions set forth in the company's Preliminary Prospectus, dated February 6, 2013 (the "Prospectus"), and the related Letter of Transmittal & Consent (the "Letter of Transmittal"). The Exchange Offer will expire at 5:00 pm, New York City time, on Friday, March 15, 2013, unless it is extended or earlier terminated by the company (as may be extended by the company, the "Expiration Date"). As of the date hereof, there is $55,000,000 aggregate principal amount of Convertible Notes outstanding, which are currently convertible at a conversion rate of 95.23809524 shares of the Company's common stock per $1,000 principal amount of Convertible Notes, or a conversion price of approximately $10.50 per share.
U.S. Concrete Announces Commencement Of Exchange Offer For All 9.5% Convertible Secured Notes Due 2015
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