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Aecon announces closing of the over-allotment option associated with its recently completed public offering of convertible debentures

Oct 1, 2018

Not for distribution to U.S. news wire services or for dissemination in the U.S.

Toronto, Ontario – October 1, 2018 /CNW/ – Aecon Group Inc. (“Aecon” or the “Company”) (TSX: ARE) today announced that it successfully closed the issuance of an additional $24 million aggregate principal amount of 5.0% convertible unsecured subordinated debentures due December 31, 2023 (the “Debentures”) pursuant to the full exercise of the over-allotment option granted to the syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets in connection with the Company’s recent public offering of $160 million aggregate principal amount of Debentures that closed on September 26, 2018, bringing the total aggregate gross proceeds from the offering to $184 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 jurisdiction.

About Aecon

Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public-sector clients in the Infrastructure and Industrial sectors, and provides project management, financing and development services through its Concessions segment. For more information, please visit and follow us on Twitter, LinkedIn, and Instagram @AeconGroup.