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    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-02-03 pm EST
30.17 CAD   +0.30%
02/02Snc Lavalin : Human rights policy
PU
02/01SNC-Lavalin to hold its fourth quarter earnings conference call and webcast on March 3, 2023
AQ
01/31Snc Lavalin : Atkins asset management program contract for the Harris County Flood Control...
PU
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SNC-Lavalin Announces Private Offering of $300 Million of Unsecured Debentures

11/22/2022 | 08:21pm EST

SNC-Lavalin Group Inc. announced that it has priced an offering of $300 million aggregate principal amount of 7.0% Series 7 unsecured debentures due June 12, 2026. The Series 7 Debentures are being offered through a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, and Scotia Capital Inc. as joint bookrunners, and which also includes RBC Dominion Securities Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., HSBC Securities (Canada) Inc., BofA Securities, SMBC Nikko, Citigroup Global Markets Canada Inc., and Desjardins Securities Inc. The Series 7 Debentures will be issued at par and closing is expected to occur on or about December 12, 2022, subject to customary closing conditions. SNC-Lavalin intends to use the net proceeds of the offering to repay existing indebtedness and for general corporate purposes.

The Series 7 Debentures will bear interest at a fixed annual rate of 7.0%, payable in equal semi-annual instalments, in arrears, on June 12 and December 12 of each year until maturity, commencing on June 12, 2023. The Series 7 Debentures will be direct unsecured obligations of SNC-Lavalin, will rank pari passu with all other unsecured and unsubordinated indebtedness of SNC-Lavalin (including all of its other existing debentures as well as indebtedness under its existing main credit agreement) and will be guaranteed by the same subsidiaries that guarantee SNC-Lavalin's obligations under its existing main credit agreement and its other outstanding debentures. The Series 7 Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Series 7 Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Series 7 Debentures have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer to sell or a solicitation of an offer to buy the Series 7 Debentures in any jurisdiction where it is unlawful to do so.


ę S&P Capital IQ 2022
All news about SNC-LAVALIN GROUP INC.
02/02Snc Lavalin : Human rights policy
PU
02/01SNC-Lavalin to hold its fourth quarter earnings conference call and webcast on March 3,..
AQ
01/31Snc Lavalin : Atkins asset management program contract for the Harris County Flood Control..
PU
01/31Snc Lavalin : Atkins strengthens offshore wind offering with three senior appointments
PU
01/30Candu Energy Inc. - SNC-Lavalin Signs Agreement to Develop Canada's First Small Modular..
AQ
01/27National Bank on Implications of Small Nuclear Reactor Buildout at Darlington
MT
01/27SNC-Lavalin Signs Agreement to Develop Canada's First Small Modular Reactor for Ontario..
MT
01/27SNC-Lavalin Signs Agreement to Develop Canada's First Small Modular Reactor for Ontario..
AQ
01/27Aecon Says Partnership Executes 6-Year Agreement For Grid-scale Small Modular Reactor F..
MT
01/26SNC-Lavalin led Consortium Gets Delivery Partner Contract for Calgary Green Line LRT
MT
More news
Analyst Recommendations on SNC-LAVALIN GROUP INC.
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Financials
Sales 2022 7 591 M 5 673 M 5 673 M
Net income 2022 96,0 M 71,7 M 71,7 M
Net Debt 2022 1 824 M 1 363 M 1 363 M
P/E ratio 2022 47,9x
Yield 2022 0,27%
Capitalization 5 296 M 3 958 M 3 958 M
EV / Sales 2022 0,94x
EV / Sales 2023 0,92x
Nbr of Employees 30 989
Free-Float 99,9%
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Technical analysis trends SNC-LAVALIN GROUP INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 30,17 CAD
Average target price 35,33 CAD
Spread / Average Target 17,1%
EPS Revisions
Managers and Directors
Ian L. Edwards President, Chief Executive Officer & Director
Jeffrey Allan Bell Chief Financial Officer & Executive Vice President
Bill L. Young Chairman
Steven Leon Newman Independent Director
Isabelle Courville Independent Director
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