CGI Prices $600 Million 7-Year Senior Notes Offering
Days after the firm announced its US$1 billion offering in senior notes, CGI Inc. (TSX: GIB.A) announced Monday night the pricing of another offering of senior unsecured notes, this time in Canadian dollars. The company is seeking to issue notes with an aggregate principal of $600.0 million.
The offering will consist of 7-year notes carrying a 2.100% interest rate per annum for a total principal amount of $600.0 million.
Along with the US dollar-denominated offering, the proceeds from this offering are still intended for repaying the debt of approximately $1.2 billion in total under its credit facility maturing March 2023.
The offering is expected to close on September 16, 2021, subject to customary closing conditions.
CGI last traded at $115.22 on the TSX.
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