Core Viewpoint - North American Construction Group Ltd. (NACG) has announced a private placement offering to sell an additional $125 million of its 7.75% senior unsecured notes due May 1, 2030, increasing the total outstanding notes to $350 million [1][3]. Group 1: Offering Details - The additional notes will be issued at a price of 103% of their face value, with a yield to worst of 6.778% [2]. - The offering is being led by National Bank Capital Markets and includes several other financial institutions [1]. Group 2: Use of Proceeds - NACG plans to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes [3]. Group 3: Company Background - NACG is a leading provider of heavy civil construction and mining services in Australia, Canada, and the U.S., with over 70 years of experience in the mining, resource, and infrastructure construction markets [6].

Core Points - North American Construction Group Ltd. (NACG) has entered into an underwriting agreement to sell an additional $125 million of its 7.75% senior unsecured notes due May 1, 2030, as part of a private placement offering [1][2] - The total outstanding amount of these notes, including the initial issuance of $225 million on May 1, 2025, will reach $350 million after the closing of the offering [1][3] - The notes will be issued at a price of 103% of their face value, with a yield to worst of 6.778% [2] Financial Details - The net proceeds from the offering will be used to repay existing indebtedness and for general corporate purposes [3] - The offering is expected to close on or about October 22, 2025, subject to customary closing conditions [3] Regulatory Information - The notes are being offered on a private placement basis in Canada and are not registered under the U.S. Securities Act, being sold only to qualified institutional buyers [4]