Core Viewpoint - Concrete Pumping Holdings, Inc. has successfully closed a private offering of 1.00 per share to be paid on February 3, 2025, reflecting the company's strong cash flow and commitment to shareholder value [1][2][3] Group 1: Financial Details - The notes were issued at par with a fixed interest rate of 7.500% per annum and are due in 2032 [1] - Proceeds from the notes will be used to redeem all outstanding 6.000% senior secured second lien notes due 2026 and cover related fees, with approximately $53 million allocated for the special dividend [2] Group 2: Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands [4] - The company operates a large fleet of specialized pumping equipment across approximately 90 locations in the U.S. and 35 locations in the U.K., enhancing construction efficiency and safety [4]
Concrete Pumping Holdings Announces Closing of Senior Secured Second Lien Notes Offering