Transactions - Capital Raising
Continental Cement Company (www.continentalcement.com)
Frost Securities advised Continental Cement on its recently completed $175 million capital raise. Frost Securities was actively involved in structuring the transaction and in raising the capital. Wells Fargo provided the senior debt financing and Sankaty Advisors provided the subordinated debt financing. Proceeds from the transaction were used to refinance an existing credit facility and to fund significant additions to the Company’s production capacity in constructing a new dry process kiln. Continental Cement is located in Hannibal, Missouri on 3,500 acres adjacent to the Mississippi River. The Company employs a total of 240 people and mines, manufactures and processes limestone, clay and other materials into what is commonly known as Portland Cement. Continental operates from one production facility in Hannibal, Missouri, two distribution and storage facilities, located in St. Louis, Missouri and Bettendorf, Iowa, a clay mining operation in Owensville, Missouri and one sales office located in Chesterfield, Missouri.