North American Construction Group Ltd. Announces Closing of Additional $125 Million Senior Unsecured Notes

North American Construction Group Ltd. (NACG) has successfully closed its private placement offering of an additional $125 million aggregate principal amount of its 7.75% Senior Unsecured Notes due May 1, 2030. This issuance is in addition to the $225 million aggregate principal amount of 7.75% Senior Unsecured Notes issued on May 1, 2025, bringing the total outstanding to $350 million. The Notes have identical terms to the Initial Notes, except for their issuance date, issuance price, and initial interest accrual date. NACG will use the proceeds to repay indebtedness under its existing Credit Agreement and for general corporate purposes. The Offering was underwritten by several financial institutions, including National Bank Capital Markets and TD Securities Inc. The Notes were offered for sale in Canada on a private placement basis and have not been registered under the U.S. Securities Act.