Vulcan Materials Announces The Final Results In Connection With Its Previously Announced Tender Offer

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Apr 13, 2015, 11:33 ET

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.

SOURCE Vulcan Materials Company