Stantec amends credit facilities under sustainability-linked loan

Chicago, Oct. 29 – Stantec Inc. amended and extended its C$1.1 billion of credit facilities under its sustainability-linked loan, a press release announced.

The C$800 million revolver and the C$160 million term loan have been extended to Oct. 29, 2026.

Similarly, a C$150 million term loan tranche has been extended to Oct. 29, 2024.

The interest rate incentive mechanism is linked to GHG emissions reduction targets and the Bloomberg Gender-Equality Index score.

Any savings from the credit facilities if the company achieves its goals will be directed toward activities that have a positive influence on environmental or social matters, the company said.

CIBC is listed as bookrunner on the credit facilities, and CIBC and RBC acted as co-sustainability structuring agents.

Stantec is an Edmonton, Alta.-based professional services company, including design and infrastructure.

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