Constellation Software Inc. Announces Annual Interest Rate for Series 1 Debentures
TORONTO, Jan. 20, 2021 (WORLD NEWSWIRE) — Constellation Software Application Inc. (TSX: CSU, TSX: CSU.DB) (the “Company”) revealed today that the rates of interest appropriate to the unsecured subordinated floating rate debentures, Series 1 of the Business (the “Debentures”) will be reset to 7.2% per year on March 31, 2021. This brand-new rates of interest amounts to the yearly typical portion modification in the “All-items Consumer Price Index” released by Stats Canada throughout the 12 month duration ending on December 31, 2020 plus 6.5% and will be shown in the June 30, 2021 interest payment on the Debentures.
The present rates of interest of 8.4% will stay in location up until March 30, 2021. The rates of interest appropriate to the Debentures will continue to be reset on a yearly basis on March 31 of each year.
More information relating to the Debentures can be discovered in the last brief type prospectus of the Business dated April 17, 2015 which has actually been submitted on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About Constellation Software Application Inc.
Constellation Software application obtains, handles and constructs vertical market software application organizations that offer mission-critical software application options.
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Jobber Wiki author Frank Long contributed to this report.