Concrete Pumping Holdings, Inc. (BBCP): debt financing — Concrete Pumping closes $425M 7.5% notes due 2032; pays $1.00 special dividend

Concrete Pumping Holdings, Inc.

Issued $425M aggregate principal of 7.500% senior secured second lien notes due February 1, 2032.
Proceeds used to redeem all outstanding 6.000% senior secured second lien notes due 2026 and pay fees.
Remaining proceeds plus cash fund a $1.00 per share special dividend (~$53M total) paid on February 3, 2025.
Notes are jointly guaranteed by parent Concrete Pumping Holdings and certain domestic subsidiaries.
Dividend marks shift in capital allocation to return excess cash to shareholders while maintaining leverage.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

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. incurred senior notes of $425.0 million at 7.500% maturing February 1, 2032.

Instrument: senior notes
Principal: $425.0 million
Rate: 7.500%
Maturity: February 1, 2032
Event: incurrence

Exact text from the filing

completed a private offering of $425.0 million in aggregate principal amount of its 7.500% senior secured second lien notes due 2032

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Concrete Pumping Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-002468

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