Concrete Pumping (BBCP) said Monday its Brundage-Bone Concrete Pumping unit has upsized its asset-based lending facility.
The new terms increase the available funds from $225 million to $350 million and extend the agreement's maturity to Sept. 6, 2029, the company said.
Bank of America (BAC) and PNC Bank contributed an additional $75 million and $50 million, respectively, and both banks are now joint lead arrangers and bookrunners for the facility, the company said.
Shares of Concrete Pumping rose past 4.7% in recent trading activity.
Price: 5.51, Change: +0.25, Percent Change: +4.66
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