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CGI announces private offering of C$500 million, in aggregate, of 3.25 year and 4.75 year senior unsecured notes

GIB
  • CGI announced the pricing of a C$500 million aggregate offering of Canadian dollar denominated senior unsecured notes.
  • The issuance consists of two series: C$250 million in 3.25-year notes bearing 4.195% interest & C$250 million in 4.75-year notes bearing 4.484% interest.
  • The offering is expected to close around September 14, 2026, subject to customary closing conditions.
  • Net proceeds are estimated at approximately C$497.3 million after deducting fees & expenses.
  • CGI intends to use the proceeds to repay existing indebtedness & for general corporate purposes.
  • The notes are being offered in Canada via a syndicate led by Scotia Capital Inc., with other agents including Desjardins Securities, BMO Nesbitt Burns, CIBC World Markets, National Bank Financial, RBC Dominion Securities, & TD Securities.
  • The notes are offered on a private placement basis in reliance on prospectus exemptions within Canadian provinces.
  • The securities are not registered under the U.S. Securities Act of 1933 & may not be offered or sold in the United States without registration or an applicable exemption.
  • CGI is an independent IT & business consulting firm founded in 1976, with Fiscal 2025 reported revenue of $15.91 billion & shares listed on the TSX (GIB.A) & NYSE (GIB).