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Delivering quality concrete with unmatched service, Supplying quality stone and materials for customers, Providing quality concrete construction products, Faster and more accurately in hard to reach places. Pro forma for the proposed financing and the bolt-on acquisitions, Moody's projects Smyrna's leverage will be 3.9x at December 31, 2022 (including Moody's adjustments).Over the past three years, Smyrna has materially grown its profitability (organically and through acquisitions), invested in the business, and maintained a disciplined approach to balance sheet management and liquidity." The company's senior secured debt is contractually subordinated to the company's $250 million Asset Based Revolving Credit Facility expiring in 2026 which is secured by the account receivable and inventory.The proceeds from the proposed $650 million offering will be used primarily to fund pending acquisitions. Houston, TX 77049-2660. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided AS IS without warranty of any kind. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. But that's not to say he isn't involved with SRM's operations. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Smyrna Ready Mix Concrete, LLC is a manufacturer and retailer of ready-mixed concrete in Tennessee, Florida, Kentucky, Ohio, Indiana, Texas, Georgia, Colorado, Alabama, Arkansas, Michigan, South Carolina, North Carolina, Mississippi, Wyoming and Virginia. /marketintelligence/en/news-insights/latest-news-headlines/smyrna-ready-mix-concrete-launches-315m-tlb-commitments-due-oct-29-60880910 Murfreesboro, TN 37129 SRM acquires BayCrete Concrete and Alamo Ready Mix in Texas. 4505 Anchorage Rd. For years now, the Austrian processing specialist SBM Mineral Processing has been one of the technology leaders in economical hybrid drives and intelligent, interactive process controls for track-mounted crushing plants. Smyrna Ready Mix Concrete launches $315M TLB; commitments due Oct. 29 Read more. Careers, Place An Order Murfreesboro, TN 37129 SRM acquires Federal Materials Concrete based in Paducah, Kentucky. Moody's also assigned a Ba3 rating to the company's proposed senior secured credit facility. SRM Concrete locations. The J.P. Morgan-led deal launched with a lender call today, and commitments are due at 5 p.m.