Aecon Group closes $172.51-million share offering

Executive Summary

• Aecon Group Inc. has closed a public offering of 4,395,300 common shares, fully exercising the underwriters' overallotment option.
• The shares were priced at $39.25 per share, generating gross proceeds of $172,515,525.
• Net proceeds will be primarily applied to repay outstanding balances on the company's revolving credit facility, with any remaining funds designated for general corporate purposes.

Key Details

• Total Shares Issued: 4,395,300 common shares (including 573,300 shares from the exercised overallotment option)
• Offering Price: $39.25 per share
• Gross Proceeds: $172,515,525
• Underwriters: Syndicate led by CIBC Capital Markets and TD Securities Inc.
• Offering Structure: Bought deal executed pursuant to a final short form prospectus dated March 24, 2026
• Use of Proceeds: Repayment of amounts drawn under the revolving credit facility, with any excess net proceeds for general corporate purposes
• Regulatory Filings: Final short form prospectus filed with Canadian securities regulators across all provinces and available under the company's SEDAR+ profile