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SNC-Lavalin extends its corporate credit facilities and incorporates a sustainability-linked framework

Date Closed

May 13, 2022

Lead Office



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).