小黄书

小黄书 Announces Offering of Senior Secured Second Lien Notes

DENVER, Jan. 19, 2021 (GLOBE NEWSWIRE) -- 小黄书. (Nasdaq: BBCP) (the 鈥淐ompany鈥�) announced today that Brundage-Bone 小黄书 Inc. (the 鈥淚ssuer鈥�), a wholly-owned subsidiary of the Company, intends to offer, on a private placement basis, $350.0 million aggregate principal amount of senior secured second lien notes due 2026 (the 鈥淣otes鈥�). In addition, the Company expects to amend and restate its existing ABL credit agreement (the 鈥淎BL Facility鈥�) to provide up to $125.0 million of commitments. The Issuer鈥檚 obligations under the Notes will be guaranteed by the Company, Concrete Pumping Intermediate Acquisition Corp. (鈥淚ntermediate Holdings鈥�) and each of the Company鈥檚 domestic, wholly-owned subsidiaries that is a borrower (other than the Issuer) under or guarantees the ABL Facility.

The Company intends to use the net proceeds of the Notes, along with approximately $39.4 million of borrowings under the ABL Facility, to repay all outstanding indebtedness under the Company鈥檚 term loan agreement, dated December 6, 2018 and pay the related fees and expenses thereto.

This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offer of the securities will be made only by means of a private offering circular.

The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered and sold only to 鈥渜ualified institutional buyers鈥� in the United States pursuant to Rule 144A of the Securities Act or, outside the United States, to persons other than 鈥淯.S. persons鈥� in compliance with Regulation S under the Securities Act.

小黄书 小黄书

小黄书 is a leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies 鈥� Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company鈥檚 large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate substantial labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan provides a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of October 31, 2020, the Company provided concrete pumping services in the U.S. from a footprint of approximately 90 locations across 22 states, concrete pumping services in the U.K. from 30 locations, and route-based concrete waste management services from 16 locations in the U.S. and one shared location in the U.K.

Important Notice Regarding Forward-Looking Statements

This press release includes 鈥渇orward-looking statements鈥� within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as 鈥渓ikely,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥減lans,鈥� 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥減redicts,鈥� 鈥減otential,鈥� or 鈥渃ontinue,鈥� or the negative of such terms and other comparable terminology. Such forward-looking statements are based on management鈥檚 reasonable current assumptions, expectations, plans and forecasts regarding the Company鈥檚 and the Issuer鈥檚 current or future results and future business and economic conditions more generally. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievement of the Company or the Issuer to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from management鈥檚 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 release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and the Company does not intend to update or otherwise revise the forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.

Company Contact:
Iain Humphries
Chief Financial Officer
1-303-289-7947

Investor Relations:
Gateway Investor Relations
Cody Slach
1-949-574-3860

Released January 19, 2021