NEW ENTERPRISE, Pa.--(BUSINESS WIRE)--New Enterprise Stone & Lime Co., Inc.  announced today that it intends to offer, subject to customary conditions, $200.0 million aggregate principal amount of its Senior Notes due 2022 in a private placement.

The Company intends to use the proceeds from the offering of the Notes, together with available cash on hand and borrowings under its revolving credit facility to redeem, repurchase or otherwise retire the Company’s 11% senior notes due 2018, including accrued and unpaid interest thereon and other related fees and expenses. Concurrently with the announcement of the Notes offering, the Company announced a tender offer for any and all of the Company’s 11% senior notes due 2018.

About New Enterprise Stone & Lime Co., Inc.

New Enterprise Stone & Lime Co., Inc. is a leading privately held, vertically integrated construction materials supplier and heavy/highway construction contractor in Pennsylvania and western New York and a national traffic safety services and equipment provider. Our core businesses include: (i) construction materials (aggregate production (crushed stone and construction sand and gravel), hot mix asphalt production and ready mixed concrete production), (ii) heavy/highway construction (heavy construction, blacktop paving and other site preparation services) and (iii) traffic safety services and equipment.