North American Energy buys back C$6.27 million 9 1/8% debentures

By Jennifer Chiou

New York, Dec. 22 – North American Energy Partners Inc. announced the repurchase of C$6,267,000 of its 9 1/8% series 1 senior unsecured debentures due 2017 at a price of C$960 per C$1,000 principal amount.

According to a press release, the purchased notes will be canceled.

Following the transaction, C$58,733,000 of notes will remain outstanding.

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

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