North American Energy calls C$10 million 9 1/8% notes due 2017

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - North American Energy Partners Inc. issued a call to partially redeem its 9 1/8% series 1 senior unsecured debentures due 2017, according to a press release.

The company will redeem C$10 million principal amount of its outstanding C$75 million of notes at 103.042 plus accrued interest of about C$0.25 per C$1,000 of notes.

The notes will be redeemed on April 8. Holders of record as of the close of business on April 4 will have their notes redeemed on a pro rata basis.

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

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