Business
Stantec Announces the Closing of $425 Million Senior Unsecured Notes Offering
(All financial figures are expressed in Canadian dollars) EDMONTON, Alberta, June 10, 2025 ...
About this update from Stantec Inc
[{"type":"text","content":"Stantec Announces the Closing of $425 Million Senior Unsecured Notes Offering\n\n\n\n\n (All financial figures are expressed in Canadian dollars)\n \n\n\n EDMONTON, Alberta, June 10, 2025 (GLOBE NEWSWIRE) -- Stantec Inc. (“Stantec”) (TSX, NYSE: STN), a global leader in sustainable engineering, architecture and environmental consulting, announced the closing of its previously announced private placement offering (the \"Offering\") of $425 million aggregate principal amount of senior unsecured notes due June 10, 2032 (the \"Notes\"). The Notes bear an interest rate of 4.374% per annum and were priced at par.\n \n\n Stantec intends to use the net proceeds of the Offering to repay existing indebtedness and for general corporate purposes.\n \n\n The Notes are direct senior unsecured obligations of Stantec and rank pari passu with all of Stantec's existing and future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of Stantec. The Notes have been assigned a rating of BBB, with a stable trend, by DBRS Limited (Morningstar DBRS).\n \n\n The Notes were not qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada was made on a basis which is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act). This news release shall not constitute an offer to sell or the solicitation of an offer to buy, any security, nor shall there be any offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction where it is unlawful to do so.\n \n\n\n About Stantec\n \n\n\n Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before.\n \n\n We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation comm...