White & Case advises Concrete Pumping Holdings, Inc. on its US$425 million upsized notes offering

Global law firm White & Case LLP has advised Concrete Pumping Holdings, Inc. (Nasdaq: BBCP), a leading provider of concrete pumping and concrete waste management services in the US and UK, on its upsized private offering of US$425 million aggregate principal amount of senior secured second-lien notes due 2032.

The company intends to use the net proceeds of the notes to pay the redemption price for all of Concrete Pumping Holdings’ outstanding 6.000% senior secured second-lien notes due 2026, and pay related fees and expenses thereto. In addition, the remainder of the net proceeds of the notes, together with cash on hand, will be used to pay a special one-time dividend of US$1.00 per share of the common stock of the company, totaling approximately US$53 million.

The White & Case team was led by Capital Markets partners Elliott Smith and Daniel Nam, and included associates Joanna Heinz and William Quish (all in New York). Law clerk Natasha Dusaj also assisted on the matter.

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