Stantec extends revolving credit facility maturity to June 2031 under amended loan agreement
STN•Credit facility amendments and maturity extensions
Stantec entered Amending Agreement No. 3 on June 18, 2026 to revise its syndicated credit agreement led by CIBC as administrative agent.
- Revolving credit maturity extended to June 18, 2031 from June 11, 2030.
- Term Credit (Tranche B) maturity pushed to June 18, 2029 from June 27, 2027.
- Term Credit (Tranche C) extended to June 18, 2031 from June 27, 2029.
- Leverage ratio covenant set at 3.50x, with a temporary 4.00x step-up tied to acquisition spending; interest coverage minimum lowered to 2.75x.
- SOFR terms revised to remove “Adjusted Term SOFR” and “Term SOFR Adjustment,” with a floor applied to Term SOFR.
