North American Construction extends credit facility, adjusts capacity

By Wendy Van Sickle

Columbus, Ohio, Sept. 20 – North American Construction Group Ltd. extended its senior secured credit facility by one year to Oct. 8, 2025, according to a news release.

The credit facility maintains overall liquidity of C$475 million while adjusting the company’s borrowing capacity to C$300 million from C$325 million and increasing the allowance for equipment financing and joint venture financial support to C$175 million from C$150 million.

The company said the allocation allows for greater flexibility in operating joint ventures and higher capacity for low-cost equipment financing.

The credit facility is not governed by a borrowing base that limits available borrowings. Financial covenants are consistent with the previous agreement and are tested quarterly on a trailing four-quarter basis.

North American Construction is an Acheson, Alta.-based heavy construction and mining company.

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