CA - North American Construction announces extended credit facility

• North American Construction ( NYSE: NOA ) said it had finalized an extension and amendment of its senior secured credit facility, under which the facility maturity date has been extended by one year with a new maturity date of October 8, 2025.
• The Credit Facility maintains overall liquidity of $475 million while adjusting NACG’s borrowing capacity to $300 million (from $325 million) and increasing the allowance for equipment financing and joint venture financial support to $175 million (from $150 million).
• This allocation allows for greater flexibility in operating joint ventures and higher capacity for low-cost equipment financing.

For further details see: