On September 15, 2014, CGI Group announced having reached a private financing agreement for a $745 million US and €85 million debt. The private financing, comprised of four tranches of senior unsecured notes, has a weighted average maturity of 8 years and a weighted average fixed coupon of 3.62 %. The proceeds of the transaction will be used to pay the Company’s credit facility and its existing long-term loan maturing in May 2015. Founded in 1976, CGI Group is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific. The Fasken Martineau team that acted as legal counsel to CGI Group in the context of this transaction consisted of Marc Novello, Martin Racicot, Jean Michel Lapierre, Alexandre Gagnon and Svetlana Samochkine.