An update from Concrete Pumping Holdings ( (BBCP) ) is now available.
Concrete Pumping Holdings, Inc. has expanded its asset-based lending facility to $350 million and extended its maturity date to September 6, 2029. This amendment enhances the company’s liquidity, enabling it to pursue growth opportunities and maintain a robust capital structure. The credit facility, guaranteed by the company’s subsidiaries, includes an increased letter of credit sublimit and an uncommitted accordion feature for additional borrowing capacity. The interest rates on borrowings are subject to favorable adjustments based on the company’s liquidity position.
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