Concrete Pumping Holdings Announces Upsizing and Pricing of Its Senior Secured Second Lien Notes Offering

Bond Offering and Use of Proceeds - The company successfully upsized its private offering of senior secured second lien notes to $425 million, an increase of$25 million from the previously announced $400 million [6] - The notes will bear an annual interest rate of 7.500$1.00 per share, totaling approximately $53 million [1] Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K. markets [2] - The company operates under established national brands: Brundage-Bone Concrete Pumping in the U.S., Camfaud Group in the U.K., and Eco-Pan for waste management in both regions [2] - As of October 31, 2024, the company has approximately 90 locations across 22 U.S. states, 35 locations in the U.K., and 20 waste management locations in the U.S. with one shared location in the U.K. [2] Regulatory and Offering Details - The notes have not been registered under the Securities Act of 1933 and may only be offered to qualified institutional buyers in the U.S. under Rule 144A or to non-U.S. persons under Regulation S [7] - The press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, and any offer will be made only through a private offering memorandum [3]