North American Construction Group Ltd. Announces Credit Facility Extension [Financial Post (Toronto, Ontario, Canada)]
North American Construction Group Ltd. Common Shares (no par) (NOA)
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm
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Source: Financial Post
ACHESON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced it has finalized an extension and amendment of its senior secured credit facility (the “Credit Facility”). The maturity date has been extended by one year to October 3, 2027. In addition to the extension, the capacity has been increased to provide greater flexibility in operating the Company's Australian and Canadian businesses. “We would like to take this opportunity to once again thank National Bank Financial and our syndicate partners for their ongoing support,” Jason Veenstra, Chief Financial Officer stated. “It is encouraging to have all existing members extend. This low-cost facility is the foundation of our debt financing and provides the liquidity and term needed for our business.” The Credit Facility provides lending capacity of $525 million (from $475 million) through Canadian and Australia dollar tranches and allows
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