April 5 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* PRESS RELEASE - SNC-LAVALIN REACHES AN AGREEMENT TO SELL 10.01% STAKE OF HIGHWAY 407 ETR TO OMERS FOR UP TO $3.25 BILLION
* SNC-LAVALIN GROUP INC - NET PROCEEDS FROM TRANSACTION WILL BE USED FOR PAYMENT OF APPROXIMATELY $600 MILLION UNDER CDPQ LOAN AGREEMENT
* SNC-LAVALIN GROUP INC - SNC-LAVALIN WILL RETAIN A 6.76% OWNERSHIP OF HIGHWAY 407 ETR
* SNC-LAVALIN GROUP INC - $3.0 BILLION PAYABLE AT CLOSING DATE AND $250 MILLION OVER A PERIOD OF 10 YEARS
* SNC-LAVALIN GROUP INC - NET PROCEEDS FROM DEAL WILL ALSO BE USED FOR EXECUTION OF COMPANY'S DELEVERAGING PLANS
* SNC-LAVALIN GROUP INC - SALE IS SUBJECT TO CERTAIN SHAREHOLDERS' RIGHTS, INCLUDING RIGHTS-OF-FIRST REFUSAL
* SNC-LAVALIN GROUP INC - COMPANY AND CDPQ HAVE RE-NEGOTIATED TERMS OF $1 BILLION CDPQ LOAN AGREEMENT ENTERED INTO 2017
* SNC-LAVALIN GROUP INC - DEAL IS EXPECTED TO BE COMPLETED WITHIN APPROXIMATELY TWO MONTHS