CGI (GIB) said late Wednesday it has priced a $650 million offering of 4.95% five-year senior unsecured notes.
The company said it expects to concurrently enter into a currency swap agreement to reduce the Canadian dollar equivalent borrowing cost of the notes to 3.7125% per year.
The offering, set to close Friday, is expected to raise $641.3 million of net proceeds, which the company says it will use for general corporate purposes.
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