AtkinsRéalis announced that it has priced an offering of $400 million aggregate principal amount of 5.70% Series 8 unsecured debentures due March 26, 2029 (the Series 8 Debentures). The Series 8 Debentures are being offered through a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, and Scotiabank as joint bookrunners, and which also includes RBC Dominion Securities Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., BofA Securities, SMBC Nikko and Desjardins Securities Inc. The Series 8 Debentures will be issued at par and closing is expected to occur on or about March 28, 2024, subject to customary closing conditions. AtkinsRéalis intends to use the net proceeds of the offering to repay existing indebtedness and for general corporate purposes.

The Series 8 Debentures will bear interest at a fixed annual rate of 5.70%, payable in equal semi-annual instalments, in arrears, on March 26 and September 26 of each year until maturity, commencing on September 26, 2024.