CGI Completes $800M Cross-border Refinancing

On December 20, 2004, CGI Group Inc. completed a C$800 million cross-border refinancing of its credit facilities through new credit facilities comprised of a US tranche of C$300 million and a Canadian tranche of C$500 million. The banking syndicate for this refinancing was led by National Bank Financial Inc., JP Morgan Securities Inc. and Caisse centrale Desjardins, as lead arrangers, and also comprised of TD Bank, Bank of America, KeyBank, Caisse de dépôt et placement du Québec, ABN Amro Bank, Bank of Montreal, CIBC, Royal Bank of Canada, United Overseas Bank, Société Générale and Citibank.

CGI Group was represented by McCarthy Tétrault LLP with a team that included Jean-René Gauthier, Sylvain Vauclair, Jean-François Boisvenu, Richard O’Doherty and Anne-Marie Durand in Montreal, together with Robert Brant and Reena Modha in London, UK. Barbara Yadley and Dino Doyle of Holland & Knight LLP acted for CGI Group in the US.

The banking syndicate was represented by Marc Novello, Martin Racicot and Mélissa Dorsaint of Fasken Martineau DuMoulin LLP, together with Jim Cooper at Cravath, Swaine & Moore LLP.