CGI Prices C$500 Million Senior Notes to Refinance Debt
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.