CI Financial (TSE:CIX) has released an update.
CI Financial Corp. has launched a cash tender offer to repurchase all of its outstanding 4.100% Notes due 2051, which are currently valued at $900 million. The offer is detailed in the Offer to Purchase dated May 21, 2024, and is contingent upon the successful completion of the Company’s concurrent funding activities. Noteholders must act by June 4, 2024, to receive the full tender offer consideration, with the entire offer expiring on June 20, 2024.
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