tiprankstipranks
CI Financial Sets Terms for 2051 Notes Buyback
Company Announcements

CI Financial Sets Terms for 2051 Notes Buyback

CI Financial (TSE:CIX) has released an update.

CI Financial Corp. has revealed the pricing details for its cash tender offer targeting the complete buyback of its 4.100% Notes due in 2051. The tender offer includes an Early Tender Premium, as well as accrued interest up to the expected early settlement date of June 7, 2024. Investors have shown significant interest, with $570,127,000 of the $900,000,000 principal amount tendered by the early deadline.

For further insights into TSE:CIX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskCI Financial Assets Surge to $489.1 Billion
TipRanks Canadian Auto-Generated NewsdeskCI Financial to Unveil Q2 2024 Financial Results
TipRanks Canadian Auto-Generated NewsdeskCI Financial Completes Major Share Buyback
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!