On April 6, 2026, AtkinsRéalis Group Inc., a leading engineering services and nuclear company, completed a private offering of $700 million aggregate principal amount of unsecured debentures. The offering comprised $400 million aggregate principal amount of 4.411 percent Series 9 unsecured debentures due June 15, 2031, issued at a price of $999.87 per $1,000 principal amount, and $300 million aggregate principal amount of 4.756 percent Series 10 unsecured debentures due March 15, 2033, issued at par. The offering was priced on March 24, 2026.
AtkinsRéalis used the net proceeds of the offering to redeem its $300 million principal amount of outstanding Series 7 debentures due June 12, 2026 and its $400 million principal amount of outstanding Series 8 debentures due March 26, 2029, with any remainder for general corporate purposes. The offering followed Morningstar DBRS's March 20, 2026 upgrade of AtkinsRéalis' credit rating to BBB from BBB (low), with a stable trend.
The debentures were offered through a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets, and National Bank Capital Markets, as joint bookrunners, and which also included BNP Paribas (Canada) Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc., and BofA Securities.
Borden Ladner Gervais LLP acted as legal counsel to AtkinsRéalis Group Inc., with a team led by Tim McCormick (Securities and Capital Markets) that included Francesca Lee and Alex Caron. Stikeman Elliott LLP acted as legal counsel to the agents.