SNC-Lavalin Group Inc. completes a private offering of CDN$300 million of Series 1 Debentures

Montreal advised SNC-Lavalin Group Inc. (SNC-Lavalin) on its completed private offering of CDN $300 million aggregate principal amount of 2.689% Series 1 Debentures due November 24, 2020 (the Debentures). The Debentures were offered through an agency syndicate consisting of CIBC World Markets, BMO Capital Markets and National Bank Financial, as joint bookrunners and co-lead private placement agents, and also including RBC Capital Markets, Scotiabank, TD Securities, HSBC Securities and Desjardins Securities. The Debentures will be guaranteed by the same subsidiaries that guarantee SNC-Lavalin’s obligations under its existing main credit agreement.

The team was led by Elliot Shapiro, Amélie Métivier, Michelle Felsky, Thomas Charest-Girard and Rachel Lesmerises (Securities); Derek Chiasson (Tax); David Lemieux and Martin Thériault (Banking).