Brundage-Bone marketing $350 million five-year secured notes; initial talk mid-to-high 6% area

By Paul A. Harris

Portland, Ore., Jan. 19 – Brundage-Bone Concrete Pumping Holdings Inc. began a roadshow on Tuesday for a $350 million offering of five-year second-lien notes, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead bookrunner. J.P. Morgan Securities LLC is the joint bookrunner. Wells Fargo Securities LLC is the co-manager.

The Rule 144A and Regulation S notes are expected to price later in the Jan. 18 week.

The notes become callable after two years at par plus 50% of the coupon.

The Denver-based provider of concrete pumping services and concrete waste management services plans to use the proceeds plus borrowings under its ABL facility to pay off existing its first-lien term loan and ABL facility.

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