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An update from North American Construction Group ( (TSE:NOA) ) is now available.
North American Construction Group Ltd. announced the early redemption of its 5.5% convertible unsecured subordinated debentures due June 30, 2028, effective February 28, 2025. This strategic financial move allows debenture holders to convert their securities into common shares at a discounted rate, aligning with the company’s intent to de-list the debentures from the Toronto Stock Exchange, subject to regulatory approval. This decision reflects NACG’s proactive approach in managing its financial obligations and potentially enhances its market positioning by streamlining its debt structure.
More about North American Construction Group
North American Construction Group Ltd. (NACG) is one of the largest providers of heavy construction and mining services in Canada and Australia. For over 70 years, the company has been serving 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 an in-depth examination of NOA stock, go to TipRanks’ Stock Analysis page.
