On May 1, 2025, North American Construction Group Ltd. (“NACG”), a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S., announced the successful closing of its C$225 million private placement offering of senior unsecured notes (the “Offering”).
The Offering was underwritten by National Bank Financial Inc., including its U.S. affiliates, ATB Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Canaccord Genuity Corp., Raymond James Ltd., and Ventum Financial Corp.
The Offering consisted of $225 million aggregate principal amount of 7.75% senior unsecured notes due May 1, 2030.
Fasken advised NACG with a team led by Grant McGlaughlin that included Victoria Zed, Taylor West, and Keihgan Blackmore (Capital Markets and M&A) with support from Madeleine MacLean (Articling Student).
Jurisdiction
- Ontario
