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North American Construction Prices Additional $125 Million Debt Offering

BY MT Newswires | CORPORATE | 10/08/25 03:34 AM EDT

03:34 AM EDT, 10/08/2025 (MT Newswires) -- North American Construction (NOA) said Tuesday it has priced $125 million worth of its 7.75% senior unsecured notes due 2030 at 103% of face value in a private placement.

The offering is in addition to a $225 million worth of debt issued under identical terms in May, the company said.

The offering, expected to close Oct. 22, is expected to raise $350 million, which the company said it expects to use to pay down debt and for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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