CONSTELLATION SOFTWARE INC.
COMPLETES RIGHTS OFFERING OF DEBENTURES
Toronto, Ontario – September 30, 2015 – Constellation Software Inc. (TSX: CSU) (the “Company”) announced today that it has completed 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$200 million aggregate principal amount of unsecured subordinated floating rate debentures, Series 1 of the Company (the “Debentures”).
A total of C$186,248,700 principal amount of Debentures were subscribed for by, and issued to, holders who exercised their Rights on or prior to September 15, 2015, the expiry date. The Debentures were issued at a price of C$115.00 per C$100 principal amount of Debentures purchased representing proceeds to the Company of C$214,186,005, which will be used by the Company to pay down a portion of its existing indebtedness.
Further details regarding the Rights Offering can be found in the final short form prospectus of the Company dated April 17, 2015 which has been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Alternatively, copies of the Final Prospectus may be obtained by contacting Marianna Karvasarski at 20 Adelaide Street East, Suite 1200, Toronto, Ontario, M5C 2T6 or by calling 416-861-9861.
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation acquires, manages and builds vertical market software businesses. Further information about Constellation may be obtained from the company’s web site at www.csisoftware.com.
For further information please contact:
Chief Financial Officer