Constellation Software Inc. Announces Results of Rights Offering of Additional Series 1 Debentures
02 Octobre 2023 - 2:02PM
Constellation Software Inc. (TSX: CSU) (the
“
Company”) announced today the results of its
previously announced rights offering (“
Rights
Offering”) pursuant to which the Company distributed
rights (“
Rights”) entitling existing holders of
common shares of the Company on the applicable record date to
purchase up to C$700 million aggregate principal amount of
unsecured subordinated floating rate debentures, Series 1 of the
Company (the “
Series 1
Debentures”).
A total of C$213,118,500 principal amount of
Series 1 Debentures have been subscribed for by, and will be issued
to, holders who exercised their Rights on or prior to September 29,
2023, the expiry date. The Series 1 Debentures will be issued at a
price of C$133.00 per C$100 principal amount of Series 1 Debentures
purchased representing proceeds to the Company of C$283,447,605,
which will be used by the Company to pay down indebtedness under
its existing credit facility.
The Series 1 Debentures are expected to be
issued by the Company on October 6, 2023. The Series 1 Debentures
will be issued as an additional tranche of, and will form a single
series with, the outstanding C$282.2 million aggregate principal
amount of unsecured subordinated floating rate debentures, Series 1
of the Company.
Forward Looking Statements
The statements contained in this press release
which are not historical facts are forward-looking statements,
which involve risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Words such as “may”, “will”, “expect”,
“believe”, “plan”, “intend”, “should”, “anticipate” and other
similar terminology are intended to identify forward-looking
statements. These statements reflect current assumptions and
expectations regarding future events and speak only as of the date
of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results
will be achieved. A number of factors could cause actual results to
vary significantly from the results discussed in the
forward-looking statements.
About Constellation Software
Inc.
The Company’s common shares are listed on the
TSX under the symbol “CSU”. The Company’s unsecured subordinated
floating rate debentures, Series 1 are listed on the TSX under the
symbol “CSU.DB”. The Company acquires, manages and builds vertical
market software businesses.
For further information please
contact:
Jamal BakshChief Financial
Officer416-861-9677info@csisoftware.comwww.csisoftware.com
Constellation Software (TSX:CSU)
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