Marine Link
Thursday, October 27, 2016

Aecon Completes $150 Million Public Offering

November 27, 2013

Aecon Group Inc. announced that it has completed its previously announced public offering of $150 million aggregate principal amount of 5.5% convertible unsecured subordinated debentures due December 31, 2018.

The offering of debentures was completed on a bought deal basis through a syndicate of underwriters led by TD Securities Inc. and GMP Securities L.P. Aecon has also granted the underwriters an over-allotment option to purchase up to an additional $22.5 million aggregate principal amount of debentures, exercisable in whole or in part for a period of 30 days following closing of the offering, to cover over-allotments, if any.

As previously announced, Aecon intends to use the net proceeds of the offering to refinance at maturity Aecon's 7% convertible unsecured subordinated debentures due September 30, 2014 and, in the interim, for general corporate purposes.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such act.

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