Business
Laurentian Bank Completes Sale of Syndicated Loans Portfolio
Laurentian Bank of Canada ("Laurentian Bank") is pleased to announce that it has completed the previously announced sale of its syndicated loans portfolio to National Bank of Canada ("NBC") (the "Syndicated Loan Transaction"). The outstanding balance of the syndicated loans at closing was approximately $705 million, and the cash consideration paid to Laurentian Bank under the transaction reflected a discount of $50 million to the outstanding balance of the syndicated loans. Certain liabilities w
About this update from National Bank Of Canada
[{"type":"text","content":"MONTREAL, Feb. 17, 2026 /CNW/ - Laurentian Bank of Canada ("Laurentian Bank") is pleased to announce that it has completed the previously announced sale of its syndicated loans portfolio to National Bank of Canada ("NBC") (the "Syndicated Loan Transaction"). The outstanding balance of the syndicated loans at closing was approximately $705 million, and the cash consideration paid to Laurentian Bank under the transaction reflected a discount of $50 million to the outstanding balance of the syndicated loans. Certain liabilities were also assumed by NBC. The transaction was completed pursuant to the terms of a syndicated loans purchase agreement previously announced on December 2, 2025. The closing of the Syndicated Loan Transaction was not conditional upon the closing of the previously announced acquisition by NBC of Laurentian Bank's retail and SME banking portfolios (the "Retail/SME Transaction"), which is expected to be completed by late 2026, assuming that the remaining conditions for that transaction are satisfied.","length":1081,"tagName":"p"},{"type":"image","alt":"Laurentian Bank of Canada Logo (CNW Group/Laurentian Bank of Canada)","displaySize":"","headline":null,"caption":"Laurentian Bank of Canada Logo (CNW Group/Laurentian Bank of Canada)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":154,"url":"https://media.zenfs.com/en/cnwgroup.com/82323655126482234956372cf511d557"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WnmBvCmb7nhD2q.lvPEbbg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/82323655126482234956372cf511d557","width":400,"height":154}},"href":"https://mma.prnewswire.com/media/2905454/Laurentian_Bank_of_Canada_Laurentian_Bank_Completes_Sale_of_Synd.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"About Laurentian Bank","length":21,"tagName":"p"},{"type":"text","content":"Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collabora...