CGI Announces Pricing of US$650 Million Senior Unsecured Notes Offering
On March 12, 2025, CGI, a leading IT consulting services and solutions company, announced the pricing of an offering of US$650 million in aggregate principal amount of senior unsecured notes. The notes will have a maturity of five years and will bear interest at a rate of 4.95% per annum, which is equal to the treasury rate plus 100 basis points.
Details of the Offering
CGI intends to use the net proceeds from the offering for general corporate purposes, including the repayment of existing indebtedness. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
Impact on CGI
The successful pricing of this offering is a positive sign for CGI as it demonstrates the company’s strong creditworthiness and its ability to access the debt markets at favorable terms. The proceeds from this offering will provide CGI with additional financial flexibility to pursue growth opportunities and manage its debt maturity profile.
Impact on the World
The offering by CGI is a reflection of the continued demand for investment-grade debt in the market. The successful pricing of this debt issuance by a leading IT consulting services and solutions company is a positive sign for the technology sector and the broader economy. It suggests that companies in this sector continue to have access to capital at favorable terms, which can support their growth initiatives.
Conclusion
CGI’s successful pricing of US$650 million in senior unsecured notes is a positive development for the company and the technology sector as a whole. The proceeds from this offering will provide CGI with additional financial flexibility and support its growth initiatives. The successful pricing of this debt issuance is also a reflection of the continued demand for investment-grade debt in the market and the strong creditworthiness of companies in the technology sector.
- CGI priced an offering of US$650 million in senior unsecured notes with a maturity of five years.
- The notes will bear interest at a rate of 4.95% per annum, which is equal to the treasury rate plus 100 basis points.
- CGI intends to use the net proceeds from the offering for general corporate purposes, including the repayment of existing indebtedness.
- The successful pricing of this offering is a positive sign for CGI and the technology sector as a whole.
- The proceeds from this offering will provide CGI with additional financial flexibility and support its growth initiatives.
- The successful pricing of this debt issuance is a reflection of the continued demand for investment-grade debt in the market and the strong creditworthiness of companies in the technology sector.
