North American Construction Group Ltd. Announces Offering and Pricing of Reopening of $125 Million Senior Unsecured Notes

ACHESON, Alberta, Oct. 07, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG”) (TSX: NOA / NYSE: NOA) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering (the “Offering”), an additional $125 million aggregate principal amount of its 7.75% senior unsecured notes due May 1, 2030 (the “Notes”), representing an additional issuance to the $225 million aggregate principal amount of 7.75% senior unsecured notes issued on May 1, 2025 (the “Initial Notes”). The Offering is being led by National Bank Capital Markets, including its U.S. affiliates, ATB Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Canaccord Genuity Corp., and Raymond James Ltd. Following the closing of the Offering, there is expected to be $350 million aggregate principal amount of Initial Notes and Notes outstanding.

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