Constellation Software to pay down credit facility via note proceeds

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Constellation Software Inc. will pay down the amount outstanding under its credit facility with some proceeds of $1 billion of senior notes that it priced in two parts on Wednesday, according to a news release.

Proceeds will also be used for general corporate purposes, including to fund acquisitions.

Constellation acquires, manages and builds vertical market software businesses and is based in Toronto.

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