Aecon announces closing of the over-allotment option associated with its
recently completed public offering of convertible debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
TORONTO, Dec. 2, 2013 /CNW/ - Aecon Group Inc. ("Aecon" or the "Company")
(TSX: ARE) today announced that it has successfully closed the issuance of an
additional $22.5 million aggregate principal amount of 5.50% convertible
unsecured subordinated debentures due December 31, 2018 (the "Debentures")
pursuant to the full exercise of the over-allotment option granted to the
syndicate of underwriters led by TD Securities Inc. and GMP Securities L.P. in
connection with the Company's recent public offering of $150 million aggregate
principal amount of Debentures that closed on November 27, 2013, bringing the
total aggregate gross proceeds from the offering to $172.5 million.
The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of such Act. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy the securities in any
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public sector
clients. Aecon is pleased to be consistently recognized as one of the Best
Employers in Canada.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release includes certain forward-looking statements with respect to
the Company and the offering of Debentures which are necessarily based on a
number of estimates and assumptions that, while considered reasonable by the
Company, are inherently subject to significant risks, uncertainties, and
contingencies. These "forward-looking" statements are based on currently
available information but are subject to risks and uncertainties. In addition
to general global events outside Aecon's control, there are factors which
could cause actual results, performance or achievements to vary from those
expressed or inferred herein including risks associated with the risks related
to Aecon's business. Risk factors are discussed in greater detail in the
section on "Risk Factors" in the Company's Annual Information Form filed on
March 27, 2013 and available at www.sedar.com. Forward looking statements, may
in some cases be identified by words such as "will," "plans," "believes,"
"expects," "anticipates," "scheduled," "estimates," "projects," "intends,"
"should" or the negative of these terms, or similar expressions. Except as
required by applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Aecon undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
SOURCE Aecon Group Inc.
Vince Borg Senior Vice President, Corporate Affairs Aecon Group Inc.
416-297-2615 firstname.lastname@example.org www.aecon.com
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-0- Dec/02/2013 13:08 GMT
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