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0.0334448160535116 0.0334448160535116 0.0267558528428094 0.0267558528428094 0.0334448160535116 0.040133779264214 0.0490523968784838 0.0334448160535116
Stock impact report

North American Construction Group Ltd. Announces $300M Credit Facility

North American Construction Group Ltd. Common Shares (no par) (NOA) 
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
ACHESON, Alberta, Nov. 23, 2018 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today an upsized $300 million Amended and Restated Credit Agreement (the “Credit Facility”) with its banking syndicate led by National Bank Financial.  The upsized Credit Facility was executed concurrent with today’s closing of the asset purchase agreement with Aecon Group Inc. (“Aecon”). Jason Veenstra, Chief Financial Officer stated, “The acquisition of the heavy equipment fleet of Aecon is an exciting milestone event for NACG and we were pleased to work with our supportive syndicate members to finance this important opportunity.  The Credit Facility is consistent with existing terms, maintains attractive rates and provides sufficient flexibility to allow for the $199 million asset transaction to close immediately.”      The Credit Facility more than doubles NACG’s borrowing capacity to $300 million with an ability to increase the m Show less Read more
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