CI Financial completes debenture offering

On November 25, 2016, CI Financial Corp. ("CI") announced that it successfully completed its previously announced offering of debentures with an aggregate principal amount of C$200 million. The debentures bear interest at a rate of 2.775% per annum and mature on November 25, 2021. The debentures were offered through a syndicate of dealers led by CIBC Capital Markets.

CI intends to use the net proceeds of the offering to repay approximately C$200 million of outstanding indebtedness under CI's credit facility and for general corporate purposes.

CI is an independent, Canadian-owned wealth management company with approximately C$149 billion in fee-earning assets as of October 31, 2016.

Further information can be found on Canada Newswire's website.