Constellation Software Inc. announced private placement of 5.158% senior unsecured notes due 2029 for the gross proceeds of $500 million and 5.461% unsecured senior notes due 2034 for the gross proceeds of $500 million for the aggregate gross proceeds of $1,000 million on February 7, 2024. The notes will be senior unsecured obligations of the company and will rank equally in right of payment to all of the company?s existing and future senior unsecured indebtedness, including its amended and restated credit facility agreement announced on January 31, 2024. The notes will be guaranteed by certain subsidiaries of the company on the same basis as such subsidiaries have guaranteed the credit facility.

The transaction is expected to close on February 16, 2024.