Montreal – – September 15, 2026 -- CGI Inc. has priced C$500 million in senior unsecured notes split across two maturities, with proceeds earmarked to repay existing debt and fund general corporate purposes.
CGI splits offering into two tranches with distinct rates
The IT and business consulting firm, listed as GIB.A on the TSX and GIB on the NYSE, will issue C$250 million of 3.25-year notes carrying a 4.195% annual coupon alongside C$250 million of 4.75-year notes at 4.484%. The offering is expected to close on or about September 14, 2026, pending customary conditions.
Net proceeds land near C$497.3 million after fees
After deducting agents' fees and estimated offering expenses, CGI expects to net approximately C$497.3 million. The company said the funds will be applied to repaying existing indebtedness, with any remainder used for general corporate purposes.
Seven-bank syndicate leads the private placement
A syndicate led by Scotia Capital Inc., Desjardins Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc. is placing the notes on an agency basis. The securities are being sold as a private placement across Canadian provinces under exemptions from prospectus requirements and have not been registered under the U.S. Securities Act, restricting sale within the United States absent an applicable exemption.
Debt refinancing comes as CGI reported $15.91 billion in fiscal 2025 revenue
CGI, which counts 94,000 consultants and professionals globally, reported fiscal 2025 revenue of $15.91 billion. The note issuance adds two new maturity points to its debt profile, staggering repayment obligations across roughly a 3.25-year and 4.75-year horizon.