Eagle Materials Announces Commencement of Public Offering of $300 Million of Senior Notes
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Moody's Assigns 'Ba1 Rating to Eagle Materials (EXP)
July 25, 2016 11:51 AM EDTMoody's Investors Service assigned a Ba1 Corporate Family Rating and a Ba1-PD Probability of Default Rating to Eagle Materials Inc.("Eagle Materials")(NYSE: EXP). Moody's also assigned a Ba1 rating to Eagle Material's proposed $300 million senior unsecured notes. The Speculative Grade Liquidity assessment is SGL-1 and the rating outlook is stable. This is the first time Moody's has assigned a rating to this issuer.
On July 25, 2016, Eagle Materials announced a registered public offering of $300 million of senior notes due 2026. The net proceeds from the notes offering will be used to repay approximately $295... More
