New Enterprise Stone & Lime Co. Inc., founded in 1924 and headquartered in New Enterprise, Pennsylvania, serves as a key player in the construction materials industry. The company focuses on producing high-quality aggregates, asphalt, and concrete products to support infrastructure development.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
New Enterprise began issuing bonds in the mid-1990s to finance expansion projects and operational enhancements. Notably, their 2014 bond issuance raised $25 million to fund equipment upgrades and facility improvements, which has bolstered production capabilities. Current yields on their bonds remain competitive within the industry, reflecting a solid investment grade rating, while the bonds often feature call options, offering investors added flexibility.