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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