Alberta-based North American Construction Group has closed a C$350 million unsecured notes placement, adding $125 million to the issue announced back in May this year.
The company, which provides heavy civil construction and contract mining services in Canada, the US and Australia, is using the proceeds to repay bank debt and for general corporate purposes.
The new notes placement was underwritten by National Bank Capital Markets, ATB Securities, Scotia Capital, TD Securities, BMO Nesbitt Burns, CIBC World Markets, Canaccord Genuity and Raymond James.
Fasken was NACG’s legal counsel on the transaction.
