DENVER, January 28, 2021 (GLOBE NEWSWIRE) – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and waste management services in the United States and United Kingdom, announced that Brundage-Bone Concrete Pumping Holdings Inc. (the “Issuer”), a wholly owned subsidiary of the Company, has successfully completed its private offering of $ 375.0 million. total principal amount of senior secured second notes due 2026 (the “Notes”). The notes were issued at par and bear interest at a fixed rate of 6000% per annum. In addition, the Company has amended and updated its existing ABL credit agreement (the “ABL Facility”) to provide up to $ 125.0 million (formerly $ 60.0 million) of commitments. The obligations of the Issuer under the Notes will be guaranteed by the Company, Concrete Pumping Intermediate Acquisition Corp. and each of the wholly owned domestic subsidiaries of the issuer that borrows or guarantees the ABL facility.

The proceeds of the offering, together with approximately $ 15.0 million in borrowings under the ABL facility, were used to repay all of the outstanding debt under the existing term loan agreement of the Company, dated December 6, 2018, and pay the related fees and expenses.

“This transaction allowed us to improve our liquidity at favorable interest rates,” said Bruce Young, CEO of CPH. “By further strengthening our balance sheet and reducing our cost of debt, we have improved our ability to seek accretive investment opportunities and support our overall long-term growth strategy. We are delighted with the continued support of our investors and remain committed to implementing our strategic priorities and maximizing shareholder value throughout fiscal 2021. ”

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law and may not be offered or sold. in the United States or to United States nationals. in the absence of registration under the Securities Act, or under an applicable exemption or in connection with a transaction not subject to the registration requirements of the Securities Act and the securities laws of the ‘State applicable. The Bonds have been offered and sold only to “qualified institutional buyers” in the United States in accordance with Rule 144A of the Securities Act or, outside the United States, to persons other than “US persons” in accordance with Regulation S of the Securities Act.

About concrete pumping operations

Concrete Pumping Holdings is the leading provider of concrete pumping and waste concrete management services in the fragmented markets of the United States and the United Kingdom, operating primarily under what we believe to be the only national brands established in the two geographic areas – Brundage-Bone for pumping concrete in the United States. , Camfaud in the UK and Eco-Pan for waste management services in the US and UK. The company’s extensive fleet of specialized pumping equipment and trained operators positions it to provide concrete placement solutions that facilitate labor cost savings for customers, shorten up-time in place of concrete, strengthen site safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a comprehensive, cost-effective, and regulatory-compliant solution to managing environmental issues caused by concrete leaching. As of October 31, 2020, the Company provided concrete pumping services in the United States from a footprint of approximately 90 locations in 22 states, concrete pumping services in the United Kingdom from 30 locations and Route based concrete waste management services from 16 locations in the US and 1 shared location in the UK For more information please visit or the Company’s brand websites at,, Where

Important Notice Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “probable”, “may”, “Will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “anticipate”, “),“, terminology. These forward-looking statements are based on management’s current reasonable assumptions, expectations, plans and forecasts regarding the current or future results of the Company and the Issuer and more generally future business and economic conditions. These forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievements of the Company or the Issuer to differ materially from any results. future expressed or implied by these forward-looking statements. , and there can be no assurance that actual results will not differ materially from management’s expectations. Therefore, you should not rely on any of these forward-looking statements as predictors of future events.

All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date on which they are or were made, and the Company does not intend to update or otherwise revise forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unforeseen events. events, unless required by law.


Iain Humphries
Financial director
Investor Relations:
Investor Relations Gateway
Cody slach
[email protected]