CI Financial announces $325M debenture financing
CI Financial (TSX:CIX:CA) entered into an agreement to sell debentures with an aggregate principal amount of $325M, carrying an interest rate of 6.00% payable semi-annually, and maturing on September 20, 2027. The offering is being made under CI Financial’s (CIX:CA) previously filed base shelf prospectus dated November 18, 2022. Net proceeds from the sale of the debentures to refinance existing indebtedness, with the remainder of the proceeds, if any, to be used for general corporate purposes.
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