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Financings

Laurentian Bank Completes Sale of Syndicated Loans Portfolio

By The Northwire Desk — AI Analysis Feb 17, 2026 · 14:37 LB · 40.08 LAURENTIAN BANK OF CANADA
LB · Price

Executive Summary

  • Laurentian Bank completed the sale of its syndicated loans portfolio to National Bank of Canada for a cash consideration reflecting a $50 million discount to the $705 million outstanding balance.
  • The transaction was executed under the previously announced syndicated loans purchase agreement (Dec 2, 2025) and is separate from the pending Retail/SME portfolio acquisition.
  • Completion provides Laurentian Bank with immediate liquidity and reduces its loan‑related risk exposure.

Key Details

  • Portfolio Balance at Closing: Approximately $705 million outstanding balance of syndicated loans.
  • Cash Consideration: Discount of $50 million to the outstanding balance; exact cash received not disclosed but implied ≈ $655 million.
  • Transaction Structure: Sale of loan portfolio; certain liabilities assumed by National Bank of Canada.
  • Agreement Reference: Syndicated Loans Purchase Agreement announced on December 2, 2025.
  • Relation to Other Deals: Closing was not conditional on the Retail/SME Transaction (NBC’s acquisition of Laurentian’s retail and SME banking portfolios), which remains expected to close by late 2026 pending conditions.
  • Strategic Impact: Improves liquidity position, streamlines balance sheet, and focuses Laurentian Bank on core banking activities.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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