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North American Construction Group Raises Additional $125 Million in Notes Offering

BY MT Newswires | CORPORATE | 10/22/25 11:04 AM EDT

11:04 AM EDT, 10/22/2025 (MT Newswires) -- North American Construction Group (NOA) said it has raised an additional $125 million in its private placement offering of 7.75% senior unsecured notes due May 1, 2030. The company had already raised $225 million in an earlier offering of 7.75% senior unsecured notes due May 1, 2025.

Proceeds will be used to pay down debt.

North American shares are up $0.09, to $20.82, on the Toronto Stock Exchange.

Price: 20.82, Change: +0.09, Percent Change: +0.43

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

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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