Great Lakes Dredge & Dock has raised a total of $250 million in a sale of senior unsecured notes. The bonds, which carry a coupon rate of 7.37%, will mature on Feb. 1, 2019.

The U.S. construction services provider sold the securities in the 144a private placement market. The joint book-running managers for the sale were Deutsche Bank and Bank of America Merrill Lynch, adds Reuters.

Click here for the release from Great Lakes Dredge & Dock.

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