Atkinsrealis arranges $700M debenture offering

Mr. Antoine Calendrier reports ATKINSREALIS ANNOUNCES PRIVATE OFFERING OF $700 MILLION OF UNSECURED DEBENTURES AND ITS INTENTION TO REDEEM $300 MILLION SERIES 7 DEBENTURES AND $400 MILLION SERIES 8 DEBENTURES Atkinsrealis Group Inc. has priced an offering of $400-million aggregate principal amount of 4.411 per cent Series 9 unsecured debentures due June 15, 2031, and $300-million aggregate principal amount of 4.756 per cent Series 10 unsecured debentures due March 15, 2033. Offering of debentures The debentures are being offered through a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets and National Bank Capital Markets, as joint bookrunners, and which also includes BNP Paribas (Canada) Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc. and BofA Securities. The Series 9 debentures will be issued at a price of $999.87 per $1,000 principal amount of Series 9 debentures and the Series 10 debentures will be issued at par, and closing is expected to occur on or about April 6, 2026, subject to customary closing conditions. AtkinsRealis intends to use the net proceeds of the offering for the redemption of the $300-million principal amount of outstanding Series 7 debentures due June 12, 2026, and the $400-million principal amount of outstanding Series 8 debentures due March 26, 2029, and for general corporate purposes, if applicable. The Series 9 debentures will bear interest at a fixed annual rate of 4.411 per cent, payable in equal semi-annual instalments, in arrears, on June 15 and Dec. 15 of each year until maturity, commencing on Dec. 15, 2026. The Series 10 debentures will bear interest at a fixed annual rate of 4.756 per cent, payable in equal semi-annual instalments, in arrears, on March 15 and Sept. 15 of each year until maturity, commencing on Sept. 15, 2026. The debentures will be direct unsecured obligations of AtkinsRealis, will rank pari passu with all other unsecured and unsubordinated indebtedness of AtkinsRealis (including all of its other existing debentures as well as indebtedness under its existing main credit agreement) and will be guaranteed by the same subsidiaries that guarantee AtkinsRealis's obligations under its existing main credit agreement and its other outstanding debentures. On March 20, 2026, DBRS Ltd. (Morningstar DBRS) upgraded the credit rating of AtkinsRealis to BBB from BBB (low) and changed the trend on AtkinsRealis to stable from positive. The debentures have been assigned a provisional rating of BBB with a stable trend by Morningstar DBRS and BBB-minus by Standard & Poor's. The debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. Redemption of Series 7 debentures and Series 8 debentures AtkinsRealis also announced that it has issued notices of redemption in respect of the $300-million principal amount of outstanding Series 7 debentures and the $400-million principal amount of outstanding Series 8 debentures, for redemption in each case on April 7, 2026, in accordance with the respective trust indentures governing the Series 7 debentures and Series 8 debentures, provided that, on or before the redemption date, the offering of the debentures described in this news release is completed. The Series 7 debentures will be redeemed for cash on the redemption date for a redemption payment amount of $1,006.55 per $1,000 principal amount of Series 7 debentures, in addition to accrued but unpaid interest to, but excluding, the redemption date. The Series 8 debentures will be redeemed for cash on the redemption date for a redemption payment amount of $1,028.50 per $1,000 principal amount of Series 8 debentures in addition to accrued but unpaid interest to, but excluding, the redemption date. About AtkinsRealis Group Inc. Created by the integration of long-standing organizations dating back to 1911, AtkinsRealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. AtkinsRealis creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of AtkinsRealis's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital. We seek Safe Harbor.