Smyrna Ready Mix Concrete LLC is in market today with a $315 million term loan B, according to sources. The J.P. Morgan-led deal launched with a lender call today, and commitments are due at 5 p.m. ET on Oct. 29.

Price talk for the seven-year covenant-lite term loan B is L+375-400, with a 0.75% Libor floor, offered at 99. That indicates a yield to maturity of around 4.76%-5.20%. Lenders are offered six months of 101 soft call protection.

Proceeds will be used to fund certain acquisitions, refinance existing debt and for general corporate purposes.

Corporate and facility ratings are B+/B1, with a 3 recovery rating from S&P Global Ratings.

Financing also includes a $100 million ABL revolver due 2025 with a springing fixed-charge covenant, Ratings notes.

Smyrna Ready Mix LLC is a provider of ready-mix concrete, aggregates, and other concrete-related products and services.