04:34 PM EDT, 03/11/2026 (MT Newswires) -- Aecon Group ( AEGXF ) said Wednesday after-trade it intends to raise up to $150 million through a bought-deal offering of shares.

The company is selling underwriters 3.82-millon shares priced at priced at $39.25 apiece. The underwriters have also been granted an over-allotment option of up to an additional 573,300 shares.

Proceeds will be used to pay down debt.

Aecon ( AEGXF ) shares closed down $0.48, to $41.45, on the Toronto Stock Exchange.