TSX:CSUSoftware
Is Constellation Software’s (TSX:CSU) CPI-Linked Debenture Reset Quietly Rewriting Its Capital Structure Story?
Constellation Software Inc. has announced that the annual interest rate on its unsecured subordinated floating rate Series 1 debentures will reset to 8.6% per annum on March 31, 2026, based on Canadian CPI plus a fixed 6.5% spread, with the current 8.9% rate remaining in place until March 30, 2026.
This CPI-linked structure effectively ties a portion of Constellation Software’s debt costs to inflation, which can influence how investors assess its capital structure and income...