TORONTO, Jan. 21, 2025 (GLOBE NEWSWIRE) — Constellation Software Inc . (TSX: TSX:, TSX: CSU.DB) (the Company) announced today that the interest rate applicable to the unsecured subordinated floating rate debentures, Series 1 of the Company (the Debentures) will be reset to 8.9% per annum on March 31, 2025. This new interest rate is equal to the annual average percentage change in the All-items Consumer Price Index published by Statistics Canada during the 12 month period ending on December 31, 2024 plus 6.5% and will be reflected in the June 30, 2025 interest payment on the Debentures.
The current interest rate of 10.4% will remain in place until March 30, 2025. The interest rate applicable to the Debentures will continue to be reset on an annual basis on March 31 of each year.
Further details regarding the Debentures can be found in the final short form prospectus of the Company dated April 17, 2015 which has been filed on…
