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CI Financial Corp. announces pricing of US$675.0 million private offering of notes

May 23, 2024over 1 year ago

Amount Raised

$675 Million

TorontoFinancial Services

Description

CI Financial Corp. has successfully priced a private offering of US$675.0 million aggregate principal amount of its 7.500% notes due 2029. The company intends to use the proceeds to finance the repurchase of its outstanding 4.100% Notes due 2051 and for general corporate purposes.

Company Information

Company

CI Financial

Location

Toronto, Ontario, Canada

About

CI Financial Corp. is one of North America's leading diversified asset and wealth management companies. The firm offers comprehensive wealth management services and has a significant presence in the asset management sector. CI continues to operate independently while benefiting from a partnership with Mubadala Capital. Its headquarters remain in Toronto.

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