North American Energy to redeem remaining C$10 million 9 1/8% notes

By Marisa Wong

Morgantown, W.Va., Aug. 26 – North American Energy Partners Inc. said it plans to redeem its C$10 million of outstanding 9 1/8% series 1 senior debentures due 2017 in full on Sept. 30.

The notes will be redeemed at par plus accrued interest of about C$44.00 per C$1,000 principal amount, according to a press release.

The record date for the redemption will be Sept. 26.

North American Energy is an Edmonton, Alta.-based provider of heavy construction, mining, piling and pipeline services.

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