US Concrete Inc. (fka RMIXQ)

[detearing]

U.S. Concrete Receives Court Approval of 'First-Day' Motions in its Debt Restructuring

U.S. Concrete Receives Court Approval of 'First-Day' Motions in its Debt Restructuring

- Suppliers to be paid in the ordinary course

- Interim approval of $80 million credit facility

- All customer and employee plans to continue

PR Newswire

HOUSTON, May 4

HOUSTON, May 4 /PRNewswire-FirstCall/ --

U.S. Concrete, Inc. (Nasdaq: RMIX) today announced it received approval of its first-day motions by the United States Bankruptcy Court for the District of Delaware. Included in the relief granted at a hearing on Friday was interim authority to continue to pay suppliers in the ordinary course, and final approval to continue customer programs and employee wage and benefit programs. The Company also received authority, on an interim basis, to enter into an $80 million debtor-in-possession (DIP) credit facility to fund operations as it moves forward with its comprehensive debt restructuring. J.P. Morgan acted as sole-lead arranger and administrative agent on the DIP facility. Final approval of all motions is expected to be granted at a hearing to be held on May 21, 2010.

"We are pleased the Court approved our first-day motions so promptly," said Michael W. Harlan, President and Chief Executive Officer of U.S. Concrete, Inc. "These approvals enable us to minimize any impact on our suppliers, customers and employees as we move forward with our debt restructuring. We anticipate completing our restructuring in the next 75 to 90 days and emerging as a stronger company. The credit facility is a key element to a stable and successful restructuring," continued Mr. Harlan. "Tennenbaum DIP Opportunity Fund, LLC, also participated in this facility and has been a supportive, responsive and flexible partner during our restructuring process."

The Company expects to gain approval of its Disclosure Statement at a hearing set for June 3, 2010 and to move forward soliciting votes for its proposed Plan of Reorganization in an expedited manner. The Plan proposes all trade creditors be paid in full in the ordinary course. Additional information about the restructuring is available at the Company's website, www.us-concrete.com or via the Company's restructuring line at [phone].

About U.S. Concrete

U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company has 125 fixed and 11 portable ready-mixed concrete plants, seven precast concrete plants and seven producing aggregates facilities. During 2009 (including acquired volumes), these plant facilities produced approximately 4.5 million cubic yards of ready-mixed concrete and 3.0 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com.