CGI prices $360 million debt offering to repay existing loans
What's the deal? CGIDealroom has a profile for this one. Try Dealroom →, one of the world's largest independent IT and business consulting firms, priced a C$500 million private offering of senior unsecured notes on September 9, 2026. The FX-converted total is roughly $360 million. The offering is expected to close on or about September 14.
The structure: The notes come in two series. CGI is issuing C$250 million of 3.25-year notes at 4.195% interest and C$250 million of 4.75-year notes at 4.484%.
Where the money goes: Net proceeds should reach about C$497.3 million after fees and expenses. CGI intends to use the funds to repay existing debt and for general corporate purposes.
Who's backing it? A syndicate of agents led by Scotia CapitalDealroom has a profile for this one. Try Dealroom → is offering the notes on a private placement basis across Canadian provinces. The group includes Desjardins SecuritiesDealroom has a profile for this one. Try Dealroom →, BMO Nesbitt BurnsDealroom has a profile for this one. Try Dealroom →, CIBC World MarketsDealroom has a profile for this one. Try Dealroom →, National Bank FinancialDealroom has a profile for this one. Try Dealroom →, RBC Dominion SecuritiesDealroom has a profile for this one. Try Dealroom →, and TD SecuritiesDealroom has a profile for this one. Try Dealroom →.
By the numbers: Founded in 1976, CGI employs 94,000 consultants and professionals worldwide. It reported fiscal 2025 revenue of $15.91 billion. Its shares trade on the TSX (GIB.A) and the NYSE (GIB).
The signal: The raise sits in the lower quartile by size among tracked deals, a modest figure for a company of CGI's scale. Refinancing debt through fresh notes at fixed rates lets it lock in borrowing costs and manage its maturity profile — a routine but telling move as large IT services firms tune their balance sheets.
Image credit: Generated with Gemini
