SNC-Lavalin Group completes $525M private offering

On March 2, 2018, SNC-Lavalin Group Inc. (SNC-Lavalin) completed a private offering of $525-million aggregate principal amount three series of debentures, consisting of (i) $150,000,000 of its Floating Rate Series 2 Debentures due March 4, 2019; (ii) $175,000,000 of its Floating Rate Series 3 Debentures due March 2, 2021; and (iii) $200,000,000 of its 3.235 per cent Series 4 Debentures due March 2, 2023 (collectively, the Debentures).

The Debentures were offered through an agency syndicate consisting of BMO Capital Markets, CIBC World Markets, National Bank Financial Markets and Scotiabank, as joint bookrunners and co-lead private placement agents, which also included RBC Capital Markets, TD Securities, HSBC Securities and Desjardins Securities.

SNC-Lavalin was led in-house by Marco Rodrigues, Vice-President, Finance and by a team from Norton Rose Fulbright Canada LLP that included Elliot Shapiro, Amélie Métivier, Michelle Felsky, Lady Africa Sheppard and Rachel Lesmerises (corporate and securities) and Antoine Desroches (tax).

The agency syndicate was represented by Stikeman Elliott LLP with a team that included Robert Carelli, Julien Michaud and Julien Robitaille-Rodriguez (corporate and securities).