March 20, 2018 2:24 AM ET

Hotels, Restaurants and Leisure

Company Overview of Noralta Lodge Ltd

Company Overview

Noralta Lodge Ltd provides premium lodging for workers in Western Canada’s energy sector. The company engages in the business of planning, building, and operating workforce lodging facilities; and provides facility planning and design, construction management, operational efficiency, and integrated project management for location-specific lodging based on custom specifications. The Company was founded in 1997 is based in Nisku, Canada. Noralta Lodge Ltd operates as a subsidiary of 989677 Alberta Ltd.

2710 5th Street

Nisku, AB T9E 0H1


Founded in 1997



Key Executives for Noralta Lodge Ltd

Chief Executive Officer and President
Founder, Owner and Chairman
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2017.

Noralta Lodge Ltd Key Developments

Civeo Corporation, Noralta Lodge Ltd - M&A Call

To discuss the definitive agreement for Civeo to acquire Noralta for a total consideration of approximately CAD 367 million on a cash-free, debt-free basis, subject to adjustments

Noralta Lodge Ltd Announces Unaudited Earnings Results for the Twelve Months Ended August 31, 2017

Noralta Lodge Ltd. announced unaudited earnings results for the twelve months ended August 31, 2017. For the year, revenue was CAD 155 million, net income was CAD 32 million and EBITDA was CAD 71 million.

Noralta Lodge Reports Results of Cash Tender Offer for Portion of Senior Secured Second Lien Notes Due 2019

Noralta Lodge Ltd. announced the results of its previously announced tender offer to purchase for cash up to $56,500,000 aggregate principal amount of its outstanding 7.50% Senior Secured Second Lien Notes due 2019 from the holders thereof pursuant to the Offer to Purchase dated October 14, 2016 and the related letter of transmittal. The offer expired at 5:00 P.M., Toronto time, on October 27, 2016. As of the expiration time, the aggregate principal amount of Notes validly tendered (and not withdrawn) under the Offer was $121,675,000, which exceeds the Maximum Tender Amount. The company has decided not to increase the Maximum Tender Amount and accordingly, assuming all the conditions to the Offer are met as anticipated, Notes tendered pursuant to the Offer will be accepted for purchase in accordance with the proration procedures for the Offer set out in the Offer documents.

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