CI Financial completes C$500 million debenture offering

Torys acted as counsel to the syndicate of agents with a team that included Glen Johnson, Michael Murphy and Sarah Rimer (corporate/securities), Richard Johnson and Ian Farndon (tax).

On April 1, 2025, CI Financial Corp. ("CI Financial") completed its previously announced offering of debentures with an aggregate principal amount of C$500 million. The debentures bear interest at a rate per annum of 4.75% and mature on April 3, 2028.

The debentures were offered through a syndicate of agents led by TD Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., and National Bank Financial Inc.

CI Financial intends to use the 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.

Further information can be found on Business Wire's website.

CI Financial is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia.