TORONTO, Dec. 3, 2024
/CNW/ - IBI Group Inc. ("IBI" or the "Company")
announced that on November 27, 2024,
it had delivered notice to BNY Trust Company of Canada (the "Trustee"), as trustee for
and on behalf of the holders of the Company's outstanding 6.50%
senior unsecured debentures due December 31,
2025 (the "Debentures"), pursuant to Section 3.1 of
the Sixth Supplemental Indenture dated October 2, 2020 between the Company and the
Trustee and Section 4.3 of the Trust Indenture dated September 30, 2009 between the Company and the
predecessor trustee, CIBC Mellon Trust Company (as supplemented
from time to time, and collectively, the "Trust Indenture"),
that the Company will, with effect as of December 31, 2024 (the "Redemption Date"),
redeem all issued and outstanding Debentures, plus accrued interest
thereon. Details of the redemption of the Debentures were made
available to all holders of the Debentures pursuant to a bulletin
issued through the facilities of Clearing and Depositary Services
Inc.
As of the date hereof, there is an aggregate principal amount of
$31,093,000.00 of Debentures issued
and outstanding. Accordingly, on the Redemption Date, subject to
compliance with the Trust Indenture, each holder of Debentures will
receive a total redemption payment of $1,032.50 per each $1,000 principal amount of Debentures,
representing the aggregate of $1,000
in principal amount and $32.50 in
accrued and unpaid interest thereon to, but excluding, the
Redemption Date.
ABOUT ARCADIS / IBI GROUP
On September 27, 2022, Arcadis
N.V. completed its acquisition of IBI.
Arcadis is the world's leading company delivering data-driven
sustainable design, engineering, and consultancy solutions for
natural and built assets. We are more than 36,000 architects, data
analysts, designers, engineers, project planners, water management
and sustainability experts, all driven by our passion for improving
quality of life. As part of our commitment to accelerating a planet
positive future, we work with our clients to make sustainable
project choices, combining digital and human innovation, and
embracing future-focused skills across the environment, energy and
water, buildings, transport, and infrastructure sectors. We operate
in over 30 countries, and in 2023 reported €5.0 billion in gross
revenues. www.arcadis.com
SOURCE IBI Group Inc.