CI Financial (TSE:CIX) has released an update.
CI Financial Corp. has announced a private offering of senior unsecured U.S.-dollar-denominated notes, alongside a tender offer to repurchase its 4.100% Notes due 2051. The company plans to use the proceeds from the offering to finance the tender offer, pay transaction fees, and for general corporate purposes, which may include debt repayments and share repurchases. The notes will be sold to qualified institutional buyers and certain Canadian accredited investors, not requiring registration under the U.S. Securities Act.
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