Reported Earlier, CGI Prices US$650M Of 5-Year Senior Notes At 4.95%, Targets Debt Reduction, CAD Swap At 3.7125%

The net proceeds from the offering are expected to be approximately US$641.3 million after deducting the initial purchasers' fees and estimated offering expenses. CGI intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes.