CRH completed a $4.2 billion guaranteed notes sale, with fixed interest rates from 5.375% to 6.250%. The money will fund Arcosa note buybacks, repay debt, and support general needs, but the story reports no change to CRH's business outlook.
The money will fund offers to buy back Arcosa notes, repay debt, and support general company needs. CRH guarantees the notes and must pay fixed interest. The story does not say how the money is split among those uses or report a change to sales or profit.
Follow CRH (CRH) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for CRH