Aecon Announces Closing of Offering of Common Shares

Executive Summary

• Aecon Group Inc. closed a common share offering of 4,395,300 shares at $39.25 per share, generating gross proceeds of $172.5 million.
• The offering included the exercise of an over‑allotment option for 573,300 additional shares.
• Net proceeds will be used to repay amounts drawn under Aecon’s revolving credit facility and any excess will fund general corporate purposes.

Key Details

• Shares Offered: 4,395,300 common shares (including 573,300 over‑allotment shares).
• Offering Price: $39.25 per share.
• Gross Proceeds: $172,515,525.
• Underwriters: Syndicate led by CIBC Capital Markets and TD Securities Inc., on a bought‑deal basis under a final short form prospectus dated March 24 2026.
• Use of Net Proceeds: Primarily to repay borrowings under Aecon’s revolving credit facility; any remaining funds for general corporate purposes.

Notable Quotes

(No executive quotes were included in the release.)