Stantec Inc. entered into Amending Agreement No. 3 to modify its existing Credit Agreement with several lenders, including Canadian Imperial Bank of Commerce. Key amendments include extending the Revolving Credit Maturity Date to June 18, 2031, and the Term Credit (Tranche B and C) maturity dates to 2029 and 2031 respectively. The agreement also adjusts the Leverage Ratio covenant to 3.50 to 1.00 and the Interest Coverage Ratio covenant to 2.75. Stantec Inc. is a professional services firm providing engineering and design services.
