Concrete Pumping amends ABL revolver, lifting size to $160 million

By Sara Rosenberg

New York, Aug. 1 – Concrete Pumping Holdings Inc. amended its senior secured ABL revolving credit facility due Jan. 28, 2026 to increase the size to $160 million from $125 million and add JPMorgan Chase Bank to the lending group, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the revolver is SOFR plus 200 basis points with a 25 bps step-down if the quarterly average excess availability is greater than or equal to 50% of the maximum revolver amount.

The amendment was completed on July 29.

Wells Fargo Bank is the administrative agent.

Concrete Pumping is a Thornton, Colo.-based provider of concrete pumping and waste management services.

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