CGI prices C$500 million of senior unsecured notes

  • CGI priced C$500 million of senior unsecured notes in two equal Canadian dollar tranches.
  • The notes carry coupons of 4.195% and 4.484%, with C$497.3 million expected after expenses.
  • CGI expects closing on or about September 14, 2026, subject to customary conditions.

CGI priced C$500 million of Canadian dollar-denominated senior unsecured notes in two equal C$250 million tranches. The 3.25-year notes carry a 4.195% coupon, while the 4.75-year notes carry a 4.484% coupon. CGI expects the private placement to close on or about September 14, 2026, subject to customary conditions, and expects net proceeds of approximately C$497.3 million after fees and expenses. The company plans to use the funds mainly to repay existing indebtedness and otherwise for general corporate purposes. The agency offering is being arranged in Canada by seven joint lead underwriters. The existing topic record separately describes a Fortis Inc. offering, so the two transactions should not be treated as one event.

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