SNC-Lavalin extends its corporate credit facilities and incorporates a sustainability-linked framework
May 13, 2022
4.50 Billion CAD
On May 13, 2022, SNC-Lavalin extended its syndicated credit facilities and entered into a third amended and restated credit agreement pursuant to which its revolving credit facility is reduced from C$2.6 billion to C$2.0 billion and available for cash draws and issuances of letters of credit. The revolving credit facility will be further reduced to C$1.8 billion in April 2023. The term loan is unchanged at C$500 million.
Bank of Montreal is a Canadian bank that provides personal and commercial banking, wealth management and investment services to more than 12 million customers.
McCarthy Tétrault advised Bank of Montreal with a team led by Marjolaine Hémond Hotte that included Michel Deschamps and Achille Treuil (Business).