Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Concrete Pumping Holdings, Inc. amended revolving credit of Maximum revolver borrowing amount increased from $160.0 million to $225.0 million, with an uncommitted accordion feature with Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Capital Finance (UK) Limited, as UK security agent, and the other lenders and issuing banks party thereto at SOFR rate plus 2.25% per annum (stepdown to 2.00% if quarterly average excess av maturing Earlier of June 1, 2028 and the date that is 180 days prior to the final stated maturity date of the Notes or the date the Notes become due and payable.
- Instrument
- revolving credit
- Principal
- Maximum revolver borrowing amount increased from $160.0 million to $225.0 million, with an uncommitted accordion feature
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, Wells Fargo Capital Finance (UK) Limited, as UK security agent, and the other lenders and issuing banks party thereto
- Rate
- SOFR rate plus 2.25% per annum (stepdown to 2.00% if quarterly average excess av
- Maturity
- Earlier of June 1, 2028 and the date that is 180 days prior to the final stated maturity date of the Notes or the date the Notes become due and payable
- Event
- amendment
Exact text from the filing
to, among other changes, increase the maximum revolver borrowing amount for the five-year senior secured asset-based revolving credit facility (the “ ABL Facility ”) from $160.0 million to $225.0 million (the “ Maximum Revolver Amount ”) and increase the letter of credit sublimit from $10.5 million to $22.5 million. The ABL Credit Agreement also provides for an
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Concrete Pumping Holdings, Inc. amended Third Amendment to ABL Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto valued at Increased maximum revolver borrowing amount from $160 million to $225 million and letter of credit s (effective 2023-06-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
- Value
- Increased maximum revolver borrowing amount from $160 million to $225 million and letter of credit s
- Effective
- 2023-06-01
Exact text from the filing
On June 1, 2023 (the " Closing Date "), the Issuer, together with Brundage-Bone Concrete Pumping, Inc., Eco-Pan, Inc., Capital Pumping LP (collectively, the “ US ABL Borrowers ”) and Camfaud Concrete Pumps Limited and Premier Concrete Pumping Limited (together, the “ UK ABL Borrowers ” and together with the US ABL Borrower, collectively, the “ ABL Borrowers ”), Industrea Acquisition Corp., the Company, Intermediate Holdings and Concrete Pumping Intermediate Holdings, LLC entered into a third amendment to their existing asset-based revolving credit agreement (the “ ABL Credit Agreement ”), with Wells Fargo Bank, National Association, as administrative agent (“ Agent ”), Wells Fargo Capital Finance (UK) Limited, as UK security agent (“ UK Security Agent ”), the other loan parties from time to time party thereto and the lenders and issuing banks from time to time party thereto, to, among other changes, increase the maximum revolver borrowing amount for the five-year senior secured asset-b
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