North American Construction Group (NOA) said Friday it has priced a private offering of $225 million of 7.75% senior unsecured notes due May 1, 2030.
Net proceeds of the offering, which will likely close around May 1, are expected to be allocated toward debt repayment and for general corporate purposes, the company said.
The company's shares were down 3.9% in recent Friday premarket activity.
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