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May 14, 2026 12:01 PM

Badger Announces Closing of C$300 Million Senior Unsecured Note Offering

CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. ("Badger", the "Company", "we", "our" or "us") (TSX:BDGI) announced today it has closed its previously announced private placement offering (the "Offering") of $300 million aggregate principal amount of 5.375% senior unsecured notes due May 14, 2031 (the "Notes"). The Offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc. and TD Securities Inc., as joint bookrunners. Norton Rose Fulbright Canada LLP served as legal counsel to Badger in connection with the Offering. Badger will use the net proceeds from the Offering to repay indebtedness under its credit facilities, including its term facility.

"We are very pleased with the strong support from our new Canadian fixed income investors in our inaugural note offering.  With this successful financing complete, Badger remains well positioned to continue its strategy of investing for growth while maintaining a strong balance sheet," said Rob Dawson, Badger's Chief Financial Officer.

The Notes were offered for sale in Canada ...