CI Financial Debenture Offering Over-Subscribed

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

CI Financial Corp. has announced a debenture offering to raise $325 million with a 6% interest rate, aiming to refinance its current debt. The offering received a high demand, being oversubscribed, and is expected to close on September 20, 2024. Proceeds will also support general corporate purposes after debt refinancing.

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