10:51 AM EST, 01/13/2025 (MT Newswires) -- Concrete Pumping Holdings ( BBCP ) said Monday its Brundage-Bone Concrete Pumping unit plans a $400 million private placement of senior secured second lien notes due 2032.

The company intends to use the net proceeds to fund the full redemption of its outstanding 6% senior secured second lien notes due 2026, among other things.

Concrete Pumping ( BBCP ) shares were up 3.7% in recent trading.

Price: 7.68, Change: +0.27, Percent Change: +3.72