Concrete Pumping Prices $425 Million Senior Notes Offering-February 2024-www.financetom.com

Concrete Pumping Prices $425 Million Senior Notes Offering

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Concrete Pumping Prices $425 Million Senior Notes Offering

Jan 14, 2025 3:38 PM

06:00 PM EST, 01/14/2025 (MT Newswires) -- Concrete Pumping ( BBCP ) said Tuesday its Brundage-Bone Concrete Pumping Holdings subsidiary has priced a private offering of $425 million of senior secured second lien notes due 2032.

The offering was upsized from $400.0 million previously, the company said. It expects to close the offering Jan. 31.

The company said it plans to use the proceeds for the redemption of its 6.0% senior secured second lien notes due 2026 and to help pay a special one-time dividend of $1.00 per share.

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