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Constellation Software Closes $1 Billion Inaugural U.S. Notes Offering
- Client News
- February 16, 2024
Paul, Weiss advised Constellation Software Inc., a Canadian technology company focused on acquiring, managing and building vertical market software businesses, on its inaugural U.S. offering of $500 million aggregate principal amount of 5.158% senior notes due 2029 and $500 million aggregate principal amount of 5.461% senior notes due 2034.
Constellation intends to use the net proceeds to pay down the amount outstanding under its revolving credit facility and for general corporate purposes, including to fund acquisitions. The initial purchasers were led by J.P. Morgan, BMO Capital Markets, BofA Securities and Wells Fargo Securities.
The Paul, Weiss team included corporate partner Christopher Cummings and counsel Christian Kurtz; tax partner Matthew Jordan; and executive compensation counsel Jake Glazeski.