CGI prices C$500M senior unsecured notes offering

CGI, a global IT and business consulting firm, has priced a C$500 million senior unsecured notes offering in two series. The offering includes C$250 million in 3.25-year notes with a 4.195% interest rate and C$250 million in 4.75-year notes with a 4.484% interest rate. The transaction is expected to close on or around September 14, 2026, subject to customary closing conditions.

Net proceeds from the offering are anticipated to be approximately C$497.3 million after deducting fees and expenses. CGI intends to use the proceeds to repay existing debt and for general corporate purposes. The offering is being led by a syndicate of Canadian agents and will be made available on a private placement basis in Canadian provinces under securities law exemptions.

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