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

May 23, 2024•over 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 Global Asset Management

Location

Toronto, Ontario, Canada

About

CI Global Asset Management (CI GAM) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services. CI GAM is a subsidiary of CI Financial Corp., an integrated global asset and wealth management company. The firm is trusted for its expertise in portfolio construction and risk management.

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