CGI Renews Its Credit Facility
December 07 2011 - 8:31AM
Marketwired
CGI Group Inc. (TSX:GIB.A) (NYSE:GIB) announced today that it has
renewed its $1.5 billion credit facility for an additional five
years, through December 2016. The facility, which can be extended
annually, includes an accordion feature providing for an additional
$750 million, bringing the facility's potential capacity to $2.25
billion.
"I'm pleased that this global network of banks continues to
demonstrate such a high degree of confidence in our ability to
execute our build and buy strategy," said Michael E. Roach,
President and Chief Executive Officer. "This new credit facility
will enable us to continue investing in our business to bring
additional capabilities and offerings to the marketplace."
Comprised of 18 financial institutions from Canada, the United
States, Europe and Asia, the bank syndicate is being led by
National Bank Financial; Desjardins Capital Markets; Canadian
Imperial Bank of Commerce; Citigroup Global Markets Inc.; and, TD
Securities in their capacity as Co-Lead Arrangers and Joint
Bookrunners, with National Bank of Canada acting as Administrative
Agent. The remaining participants include: Bank of America, N.A.;
Bank of Montreal; JPMorgan Chase Bank, N.A.; Bank of
Tokyo-Mitsubishi UFJ (Canada); Sumitomo Mitsui Banking Corporation
of Canada; Royal Bank of Canada; Comerica Bank; Deutsche Bank AG;
HSBC Bank Canada; Alberta Treasury Branches; Caisse de depot et
placement du Quebec; ICICI Bank Canada; and, PNC Bank.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process services
firms in the world. CGI and its affiliated companies employ
approximately 31,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices and
centers of excellence in Canada, the United States, Europe and Asia
Pacific. As at September 30, 2011, CGI's revenue was $4.3 billion
and its order backlog was $13.5 billion. CGI shares are listed on
the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow
Jones Sustainability Index and the FTSEXGood Index. Website:
www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of that term in Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E
of the United States Securities Exchange Act of 1934, as amended,
and are "forward-looking information" within the meaning of
Canadian securities laws. These statements and this information
represent CGI's intentions, plans, expectations and beliefs, and
are subject to risks, uncertainties and other factors, of which
many are beyond the control of the Company. These factors could
cause actual results to differ materially from such forward-looking
statements or forward-looking information. These factors include
but are not restricted to: the timing and size of new contracts;
acquisitions and other corporate developments; the ability to
attract and retain qualified members; market competition in the
rapidly evolving IT industry; general economic and business
conditions; foreign exchange and other risks identified in the
press release, in CGI's Annual Report on Form 40-F filed with the
U.S. Securities and Exchange Commission (filed on EDGAR at
www.sec.gov), the Company's Annual Information Form filed with the
Canadian securities authorities (filed on SEDAR at www.sedar.com),
as well as assumptions regarding the foregoing. The words
"believe," "estimate," "expect," "intend," "anticipate," "foresee,"
"plan," and similar expressions and variations thereof, identify
certain of such forward-looking statements or forward-looking
information, which speak only as of the date on which they are
made. In particular, statements relating to future performance are
forward-looking statements and forward-looking information. CGI
disclaims any intention or obligation to publicly update or revise
any forward-looking statements or forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to
place undue reliance on these forward-looking statements or on this
forward-looking information. You will find more information about
the risks that could cause our actual results to differ
significantly from our current expectations in the Risks and
Uncertainties section.
www.cgi.com/newsroom
Contacts: Lorne Gorber Senior Vice-President, Global
Communications and Investor Relations
514-841-3355lorne.gorber@cgi.comwww.cgi.com
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