06:43 AM EDT, 03/27/2024 (MT Newswires) -- AtkinsRealis (ATRL.TO), formerly known as SNC-Lavalin Group Inc. ( SNCAF ), overnight Tuesday priced an offering of $400 million aggregate principal amount of 5.70% Series 8 unsecured debentures due March 26, 2029. The Series 8 Debentures are being offered through a syndicate of agents and will be issued at par and closing is expected to occur on or about March 28, 2024, subject to customary closing conditions.

AtkinsRealis in a statement said it 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