Breaking News: Concrete Pumping Holdings Launches Senior Secured Second Lien Notes Offering!

DENVER, Jan. 13, 2025 (GLOBE NEWSWIRE)

Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company”) announced today that Brundage-Bone Concrete Pumping Holdings Inc. (the “Issuer”), a wholly-owned subsidiary of the Company, intends to offer, on a private placement basis, $400.0 million aggregate principal amount of senior secured second lien notes due 2032 (the “Notes”). The Notes will be guaranteed on a senior secured basis by the Company, Concrete Pumping Intermediate Acquisition Corp., and each of the Issuer’s domestic, wholly-owned subsidiaries that is a borrower under or a guarantor of the Company’s existing senior secured asset-based revolving credit facility.

How will this Offering Affect Me?

As a potential investor, this offering could provide an opportunity to invest in a secure asset-backed instrument with a fixed maturity date. The senior secured second lien notes offer a level of security, backed by the Company and its subsidiaries, which may appeal to those seeking a lower risk investment option. It is important to carefully consider the terms of the offering, including interest rates and repayment terms, before making any investment decisions.

How will this Offering Affect the World?

This offering by Concrete Pumping Holdings could have broader implications for the construction industry and the economy as a whole. By securing additional capital through the issuance of senior secured second lien notes, the Company may be able to fund expansion projects, invest in new technology and equipment, and create jobs within the industry. This could ultimately lead to increased economic activity and growth, benefiting not only the Company but also its employees, suppliers, and the communities in which it operates.

Conclusion

In conclusion, the launch of the senior secured second lien notes offering by Concrete Pumping Holdings represents a strategic move to secure additional capital and support the Company’s growth objectives. As this offering unfolds, it will be important to monitor how it impacts both individual investors and the broader construction industry, as its success could have a ripple effect on the economy at large.