North American Construction Group Ltd. Announces $200 Million Senior Unsecured Notes Offering

North American Construction Group Ltd. (NACG) announced its intention to sell $200 million in aggregate principal amount of 7.00% Senior Unsecured Notes due June 16, 2031. The offering is being conducted as a private placement, with the notes being sold at par value. Interest on the notes will accrue at 7.00% per annum, payable semi-annually in arrears on June 16 and December 16, commencing December 16, 2026. NACG plans to use the net proceeds from the offering to repay existing indebtedness under its Credit Agreement and for general corporate purposes. The offering is expected to close on or about June 16, 2026, subject to customary closing conditions. The notes are being offered in Canada on a private placement basis and in the United States to qualified institutional buyers in reliance on Rule 144A, and outside the United States in reliance on Regulation S. The offering is being led by National Bank Financial Inc. and other financial institutions.