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 shares were up 3.7% in recent trading.
Price: 7.68, Change: +0.27, Percent Change: +3.72
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