Press Release: NACG : North American Energy Partners Elects to Partially Redeem Its 9.125% Series 1 Senior Unsecured Debentures Due 2017

EDMONTON, ALBERTA--(Marketwired - Feb. 28, 2014) - North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA)(NYSE:NOA) today announced that it has elected to partially redeem its 9.125% Series 1 Senior Unsecured Debentures due 2017 (the "Notes"). The Company will redeem on April 8, 2014 (the "Redemption Date"), $10,000,000 in aggregate principal amount of its outstanding Notes at a Redemption Price (the "Redemption Price") of 103.042% of the principal amount of Notes redeemed, plus accrued and unpaid interest on the Notes to but not including the Redemption Date of approximately $0.25 per $1,000 of principal amount of Notes. The record date for the redemption will be April 4, 2014, such that holders of record at the close of business on April 4, 2014 will have notes redeemed on a pro rata basis. The Company currently has a principal amount of $75,000,000 of Notes outstanding.

Read full article »
Est. Annual Revenue
Est. Employees
CEO Avatar


Update CEO

CEO Approval Rating

- -/100

Naepi is headquartered in Acheson, Alberta. Naepi has a revenue of $10M, and 10 employees.