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CGI Looks to Raise $1 Billion in Private Notes Offering

By Adriano Marchese


CGI Inc. said Thursday that it intends to raise $1 billion in a private offering of senior unsecured notes to repay a loan.

The Canadian information-technology consulting and systems integration company said the notes will be offered to qualified institutional buyers in the U.S. as well as in Canada on a private-placement basis.

It said the notes would be issued in two tranches of different maturities with different interest rates, and that the company intends to use the proceeds to repay debts under its unsecured committed term loan credit facility maturing in March of 2023.


Write to Adriano Marchese at


(END) Dow Jones Newswires

September 09, 2021 09:51 ET (13:51 GMT)

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