SNC-Lavalin Group Inc. Completes First Public Debt Issue

On September 20, 2000, SNC-Lavalin Group Inc. successfully completed a public offering of $105,000,000 in 7.7 per cent unsecured debentures due 2010. This offering marked the first time SNC-Lavalin Group Inc. accessed the public debt markets in Canada. The company announced that the net proceeds from the offering would be used for general corporate purposes, including the funding of potential acquisitions and project investment opportunities. The debenture issue was underwritten by a syndicate composed of RBC Dominion Securities Inc., Nesbitt Burns Inc., National Bank Financial and Scotia Capital Inc. Montreal-based SNC-Lavalin Group is the largest engineering-construction firm in Canada and one of the largest in the world. It provides engineering, procurement, construction project management, project financing services and infrastructure management.

SNC-Lavalin Group Inc. was represented by its in-house counsel, Yves Laverdière and Jean-Éric Laferrière and by Michel Goudreau and Solomon Sananes of Ogilvy Renault in Montreal. The underwriters were advised by Luc Lissoir, Pierre Lissoir and Olivier Désilets of the Montreal office of Gowling Lafleur Henderson LLP.