Brief: North American Construction Group Announces Transformative Acquisition Of Mackellar Group
26/07/2023 22:59
July 26 (Reuters) - North American Construction Group
Ltd NOA.TO :
* NORTH AMERICAN CONSTRUCTION GROUP ANNOUNCES TRANSFORMATIVE
ACQUISITION OF MACKELLAR GROUP, A LEADING PRIVATE AUSTRALIAN
HEAVY EQUIPMENT SOLUTIONS PROVIDER
* NORTH AMERICAN CONSTRUCTION GROUP LTD - PROPOSED DEAL FOR
$395
MILLION
* NORTH AMERICAN CONSTRUCTION GROUP LTD - TRANSACTION IS
FULLY
FUNDED BY BANK SECURED & VENDOR PROVIDED DEBT FINANCING
* NORTH AMERICAN CONSTRUCTION GROUP - TRANSACTION INCLUDES
OF
UPFRONT PAYMENT OF A$75 MILLION WHICH WILL BE FUNDED BY UPSIZED
REVOLVING CREDIT FACILITY
Source text for Eikon: ID:nGNX7W0t7W
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