Transaction|January 26, 2017
IGM Financial completes C$600 million debenture offering
Torys acted as counsel to the agents led by BMO Capital Markets and RBC Capital Markets with a team that included David Seville, Jonathan Cescon and Rob Shaw (corporate/securities).
On January 26, 2017, IGM Financial Inc. announced that it completed its previously announced offering of C$400 million principal amount of 3.44% debentures due January 26, 2027 and C$200 million principal amount of 4.56% debentures due January 25, 2047, for gross proceeds of C$600 million.
The debentures were offered through a group of agents led by BMO Capital Markets and RBC Capital Markets.
IGM Financial is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over C$140 billion in total assets under management as of December 31, 2016.
Further information can be found on Marketwired's website.