Stantec extends revolving credit facility maturity to June 2031 under amended loan agreement

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stantec Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-004682), on July 15, 2026, and is solely responsible for the information contained therein.