North American Construction Group Ltd. (NACG) announced an upsized $300 million Amended and Restated Credit Agreement (the “Credit Facility”) with its banking syndicate led by National Bank Financial. The upsized Credit Facility was executed concurrent with closing of the asset purchase agreement with Aecon Group Inc. (“Aecon”). The Credit Facility more than doubles NACG’s borrowing capacity to $300 million with an ability to increase the maximum borrowings by an additional $50 million, subject to certain customary conditions. It is also important to note that in addition to the upgraded credit facility borrowing capacity, the equipment financing limit has been increased to $150 million up from $100 million allowing for additional borrowing flexibility. The term of the Credit Facility is committed for three years and matures on November 23, 2021, with an option to extend on an annual basis.