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North American Energy Partners Inc Completes Sale of Piling Businesses To Keller Group plc

Friday, 12 Jul 2013 02:00pm EDT 

North American Energy Partners Inc announced that it has completed the previously announced sale of its Piling businesses to Keller Group plc. As previously disclosed, the Company expects to use a portion of the net proceeds to repay the outstanding balance of the Term A Facility of approximately $16.3 million. In addition the Company is evaluating options for the use of the remaining proceeds, which includes a reduction of debt by way of repaying up to all amounts outstanding on its revolving credit facility and repurchasing a portion of its outstanding senior unsecured notes. 

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0.13 +1.52%
3:41pm EDT