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North American Construction Group ( (TSE:NOA) ) has shared an update.
North American Construction Group Ltd. announced the early redemption of its 5.5% convertible unsecured subordinated debentures due in 2028, effective February 28, 2025. The redemption allows debenture holders to convert their holdings into common shares at a discounted rate, with the company planning to delist the debentures from the Toronto Stock Exchange post-redemption. This move reflects NACG’s strategic financial management and may impact its debt structure and market operations.
More about North American Construction Group
North American Construction Group Ltd. (NACG) is a prominent provider of heavy construction and mining services in Canada and Australia. With over 70 years of experience, the company serves the mining, resource, and infrastructure construction markets.
YTD Price Performance: -9.58%
Average Trading Volume: 58,655
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $526.7M
For a thorough assessment of NOA stock, go to TipRanks’ Stock Analysis page.
