On September 14, 2021, CGI Inc. completed its previously announced private offering of US$1 billion in aggregate principal amount of senior unsecured notes, consisting of US$600 million aggregate principal amount of 5-year notes and US$400 million aggregate principal amount of 10-year notes. In addition, CGI completed its $600 million aggregate principal amount of 7-year senior unsecured notes which bear interest at 2.100% per annum. CGI intends to use the capital from the offerings to repay its US$1.25 million unsecured committed term loan credit facility maturing in March 2023 and for general corporate purposes.
CGI is an independent IT and business consulting services firm that provides strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.
Osler, Hoskin & Harcourt LLP was Canadian counsel to the initial purchasers for the US offering and also advised the agents on the Canadian offering with a team consisting of Michael Innes, Rob Lando, Sandra Malcolm, Neil Rosen (Corporate), Chris Bennett (Financial Services) and Gregory Wylie (Tax).