North American Energy Partners Inc. - 2015-07-08


Signed an amended and restated three-year credit facility with its banking syndicate. Facility now expires on Sept. 30, 2018. A revolver will support $70 million in borrowing and letters of credit, and a $30 million term loan will support redemption of 9.125% Series 1 senior unsecured debentures. The term loan will finance $30 million of the redemption. The term loan has an 84-month amortization schedule. Immediately, NAEP will redeem $37.5 million in debentures.

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