01:43 PM EDT, 06/10/2025 (MT Newswires) -- Stantec ( STN ) on Tuesday said it closed a private-placement offering of $425-million aggregate principal amount of senior unsecured notes due June 10, 2032.

The company said the notes bear an interest rate of 4.374% per annum and were priced at par.

The company plans to use proceeds of the offering to repay existing indebtedness and for general corporate purposes.

A company statement said the notes are direct senior unsecured obligations of the company and rank pari passu with all of its existing and future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of Stantec ( STN ).

The company added that the notes have been assigned a rating of BBB, with a stable trend by DBRS.

Stantec ( STN ) shares were last seen up $0.27 to $143.96 on the Toronto Stock Exchange.

Price: 143.99, Change: +0.30, Percent Change: +0.21