CGI announces pricing of US$650M of 5-year notes

Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
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MONTRÉAL, March 12, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that it has priced an offering of senior unsecured notes. CGI will issue US$650 million in aggregate principal amount of 5-year senior unsecured notes, which will bear interest at the rate of 4.95% per annum (treasury rate plus 100 basis points). Concurrently with the offering, CGI expects to enter into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing of the notes to 3.7125% per annum. The offering is expected to close on or about March 14, 2025, subject to customary closing conditions.

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