CGI Group Renews Its $1.5B Syndicated Credit Facility

CGI Group Inc. (“CGI”) renewed its existing $1.5 billion credit facility for an additional five years, through December 2016, by entering into a third amended and restated credit agreement with National Bank of Canada, as administrative agent, National Bank Financial, Desjardins Capital Markets, Canadian Imperial Bank of Commerce, Citigroup Global Markets Inc. and TD Securities, as co-lead arrangers and joint book runners, Desjardins Capital Markets, Canadian Imperial Bank of Commerce, Citibank N.A., Canadian branch and TD Securities, as co-syndication agents, and the several lenders. The credit facility, which can be extended annually, includes an accordion feature providing for an additional $750,000,000. The facility is guaranteed by several of the subsidiaries of CGI, located in Canada, the United States, Spain, the Netherlands, England and Luxembourg.

CGI and its subsidiaries were represented by Benoit Dubé and David Masse, assisted by Fasken Martineau DuMoulin LLP, with a team that included Marc Novello, Martin Racicot, Alexandre Gagnon and Jay Choi; in the United States by Holland & Knight LLP, with a team that included Barbara Yadley and Dino Doyle; in Spain by CMS Albiñana & Suárez de Lezo, with a team that included José Ramón Meléndez and Beltrán Gómez de Zayas; in the Netherlands by De Brauw Blackstone Westbroek N.V., with a team that included Jan Marten van Dijk, Michelle van Mook and Mathieu Raas; in England by McCarthy Tétrault, Registered Foreign Lawyers and Solicitors, with a team that included Robert Brant, Reena Modha and Achal Kapila; in Luxembourg by Kaufhold Ossola & Associés, avocats, with a team that included Esbelta De Freitas and Emmanuel Réveillaud.

The lenders were represented by Stikeman Elliott LLP, with a team that included Sterling Dietze, Sylvia Avedis and Lana Rabinovitch.