Loan & DebtJun 10, 2026, 05:06 PM
North American Construction Group Prices $200M Senior Unsecured Notes
AI Summary
North American Construction Group Ltd. announced the pricing of a private placement offering of $200 million aggregate principal amount of 7.00% Senior Unsecured Notes due June 16, 2031. The Notes will accrue interest semi-annually and are expected to close around June 16, 2026. The company intends to use the net proceeds to repay existing indebtedness under its Credit Agreement and for general corporate purposes.
Key Highlights
- North American Construction Group priced $200 million aggregate principal amount of Senior Unsecured Notes.
- The Notes will bear an interest rate of 7.00% per annum.
- Interest will be payable semi-annually in arrears on June 16 and December 16, starting December 16, 2026.
- The Notes are due on June 16, 2031.
- The Notes were issued at a price of $1,000 per $1,000 of Notes.
- Proceeds will be used to repay indebtedness under its existing Credit Agreement and for general corporate purposes.
- The offering is expected to close on or about June 16, 2026.
Price Impact
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