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Laurentian Bank Says Completed Sale of Syndicated Loans Portfolio To National Bank of Canada

BY MT Newswires | ECONOMIC | 02/17/26 02:42 PM EST

02:42 PM EST, 02/17/2026 (MT Newswires) -- Laurentian Bank of Canada (LRCDF) announced Tuesday afternoon that it has completed the previously announced sale of its syndicated loans portfolio to National Bank of Canada (NTIOF) .

A statement noted the outstanding balance of the syndicated loans at closing was approximately $705 million, and the cash consideration paid to Laurentian under the transaction reflected a discount of $50 million to the outstanding balance of the syndicated loans. Certain liabilities were also assumed by NBC.

The transaction, Tuesday's statement noted, was completed pursuant to the terms of a syndicated loans purchase agreement previously announced on December 2, 2025. The closing of the Syndicated Loan Transaction was not conditional upon the closing of the previously announced acquisition by NBC of Laurentian's retail and SME banking portfolios, which is expected to be completed by late 2026, assuming that the remaining conditions for that transaction are satisfied.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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