Toronto, Ontario –
January 20, 2021 –
Constellation Software Inc. (TSX: CSU, 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 7.2% per
annum on March 31, 2021. 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, 2020 plus
6.5% and will be reflected in the June 30, 2021 interest payment on the
Debentures.
The current interest rate of 8.4% will
remain in place until March 30, 2021. 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 SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About
Constellation Software Inc.
Constellation Software acquires, manages
and builds vertical market software businesses that provide mission-critical
software solutions.
For further information please
contact:
Jamal
Baksh
Chief Financial Officer
416-861-9677
info@csisoftware.com
www.csisoftware.com