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 dépôt et placement du Québec; 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.
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For more information:
Lorne Gorber
Senior Vice-President, Global Communications and Investor Relations
lorne.gorber@cgi.com
514-841-3355
