Reported Earlier, CGI Prices C$750M Senior Unsecured Notes Offering With 3-Year And 5-Year Maturities
Portfolio Pulse from Benzinga Newsdesk
CGI is issuing C$750 million in senior unsecured notes, with C$300 million in 3-year notes at 3.987% interest and C$450 million in 5-year notes at 4.147% interest.
September 04, 2024 | 6:26 am
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CGI is issuing C$750 million in senior unsecured notes, which may impact its financial structure and interest obligations.
The issuance of C$750 million in notes will affect CGI's financial structure by increasing its debt obligations. The interest rates are relatively moderate, which may not significantly impact the company's financial health in the short term. However, investors should monitor how CGI plans to utilize the funds and manage the increased debt.
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