Concrete Pumping Holdings Announces Upsizing and Pricing of Its Senior Secured Second Lien Notes Offering
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Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) announced the upsizing and pricing of its senior secured second lien notes offering to $425 million, with an interest rate of 7.5%, due in 2032. The offering is expected to close on January 31, 2025.
January 14, 2025 | 9:45 pm
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Concrete Pumping Holdings has increased its senior secured notes offering to $425 million, with a 7.5% interest rate, due in 2032. This move could improve the company's liquidity and financial flexibility.
The upsizing of the notes offering indicates strong demand and could provide Concrete Pumping Holdings with additional capital, enhancing its liquidity and financial flexibility. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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