Cahill Represents Lead Arrangers in Astec’s $600 Million Credit Facility
Date: 07/01/25
Cahill represented the lead arrangers in connection with a $350 million Term A credit facility and a $250 million revolving credit facility for Astec Industries, Inc.
Proceeds from the credit facility will be used for the acquisition of TerraSource Holding, LLC, to refinance existing indebtedness and for general corporate purposes.
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production.