SECURITIES AND
EXCHANGE COMMISSION
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PRESS RELEASE |
FOR IMMEDIATE PUBLICATION |
CGI concludes credit facility agreements with total value of CDN$440 millionMontreal, Quebec, November 13, 2002 CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB;) today announced that it has signed an agreement with a banking syndicate pertaining to two unsecured credit facilities. As part of the agreement, CGI has secured a $265 million, three-year term revolving credit facility for the financing of acquisitions and outsourcing contracts. In addition, CGI now has access to a $150 million revolving credit facility for its operating activity needs and working capital purposes. The credit facilities were concluded with a banking syndicate comprised of the following: Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank and Caisse centrale Desjardins, as co-arrangers; as well as Caisse de dépôt et placement du Québec, Bank of Montreal, Royal Bank of Canada and United Overseas Bank Limited, as participants. Also, through a separate agreement with Bank of Montreal, the Company has access to a $25 million operating facility for cash management purposes. About CGI |
2 Forward-Looking
Statements These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Managements Discussion and Analysis (MD&A) in CGI Group Inc.s Annual Report or Form 40-F filed with the SEC, the Companys Annual Information Form filed with the Canadian securities authorities, 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, which speak only as of the date on which they are made. In particular, statements relating to future revenue from outsourcing contracts are forward-looking statements. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. -30- |
For more information: CGI: Investor relations Julie Creed Vice-president, investor relations (312) 201-4803 (312) 201-4803 Ronald White Director, investor relations (514) 841-3230 (514) 841-3230 Media relations Eileen Murphy Director, media relations (514) 841-3430 |
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
CGI GROUP INC. (Registrant) | |
Date: November 13, 2002 |
By /s/ Paule Doré Name: Paule Doré Title: Executive Vice-President and Chief Corporate Officer and Secretary |