Stantec Announces Private Offering of $425 Million Senior Unsecured Notes

Core Viewpoint - Stantec Inc. has announced a private placement offering of $425 million in senior unsecured notes with a fixed interest rate of 4.374$425 million aggregate principal amount of senior unsecured notes due June 10, 2032, with a fixed interest rate of 4.374% per annum, payable semi-annually [1][2]. - The notes will be issued at par, resulting in gross proceeds of $425 million, with interest payments commencing on December 10, 2025 [2]. - The notes will rank pari passu with all existing and future senior unsecured indebtedness of Stantec and have been assigned a provisional rating of BBB with a stable trend by DBRS Limited [3]. Group 2: Regulatory and Legal Considerations - The notes will not be qualified for public sale under Canadian securities laws and will be offered on a private placement basis [4]. - The notes have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States or to U.S. persons [4]. Group 3: Company Overview - Stantec is recognized as a global leader in sustainable engineering, architecture, and environmental consulting, addressing significant challenges such as aging infrastructure and energy transition [8][9]. - The company emphasizes the importance of community engagement and diverse perspectives in its projects, aiming to innovate in areas like climate change and digital transformation [10][11].