U.S. Concrete

The firm serves as cocounsel to the debtors in the chapter 11 cases of U.S. Concrete and 44 of its affiliates. The debtors are a major producer of ready-mixed concrete, precast concrete products, and concrete-related products, employing 2,100 people in over 140 locations. An agreement was reached that contemplates a significant deleveraging of the debtors’ balance sheet - including satisfaction in full of the existing secured facility and equitization of the outstanding bonds - and provides for a full recovery to unsecured trade creditors.