10:52 AM EDT, 09/09/2024 (MT Newswires) -- Concrete Pumping ( BBCP ) said Monday its Brundage-Bone Concrete Pumping unit has upsized its asset-based lending facility.

The new terms increase the available funds from $225 million to $350 million and extend the agreement's maturity to Sept. 6, 2029, the company said.

Bank of America ( BAC ) and PNC Bank contributed an additional $75 million and $50 million, respectively, and both banks are now joint lead arrangers and bookrunners for the facility, the company said.

Shares of Concrete Pumping ( BBCP ) rose past 4.7% in recent trading activity.

Price: 5.51, Change: +0.25, Percent Change: +4.66