CORRECTING and REPLACING CI Financial Corp. Announces Pricing of €1.10 Billion Private Offering of Notes
CI FINANCIAL CORP. ANNOUNCES PRICING OF €1.10 BILLION PRIVATE OFFERING OF NOTES”CI Financial Corp. (“CI” or the “Company”) today announced that it has successfully priced a private offering (the “Offering”) of €1.10 billion aggregate principal amount of its 4.625% notes due 2031 (the “Notes”).”The Offering is expected to close on December 12, 2025, subject to satisfaction of customary closing conditions.
CI intends to use approximately €1.085 billion of the net proceeds from the Offering to repay any amounts drawn on its unsecured revolving credit facility of $950.0 million with a syndicate of six banks, maturing in May 2028, for purposes of repaying the $400,000,000 aggregate principal amount of 7.000% Debentures of the Company which matured on December 2, 2025, and to use a portion to repurchase, redeem or otherwise settle the remaining outstanding preferred equity of Corient Holdings Inc. (approximately US$960,000,000) not held by CI Financial Holdings Ltd. The Company no longer intends to offer and sell Canadian dollar-denominated debentures in a concurrent private placement offering.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction, including Canada, and may not be offered or sold in the United States or Canada absent registration or an applicable exemption from such registration requirements. The Notes will be offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities
Act and outside the United States, including on a private placement basis in Canada to certain “accredited investors” who are not individuals and are “permitted clients” under applicable Canadian securities laws, in reliance on the exemption from registration set forth in Regulation S under the Securities Act. This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
CI Financial Corp. (“CI” or the “Company”) announced that it has priced a private offering of €1.10 billion aggregate principal amount of 4.625% notes due 2031. The Offering is expected to close on December 12, 2025, subject to customary conditions. CI plans to allocate approximately €1.085 billion of the net proceeds to repay borrowings under its US$950 million unsecured revolving credit facility maturing in May 2028, to address the recently matured US$400 million 7.000% Debentures, and to repurchase, redeem, or otherwise settle the remaining outstanding preferred equity of Corient Holdings Inc. (approximately US$960 million) not owned by CI Financial Holdings Ltd.
About CI Financial Corp.
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, Toronto-based CI has developed world class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite. CI operates in three segments:
- Asset Management, which includes CI Global Asset Management, which operates in Canada, and GSFM, which operates in Australia.
- Canadian Wealth Management, operating as CI Wealth, which includes CI Assante Wealth Management, Aligned Capital Partners, CI Assante Private Client, CI Private Wealth, Northwood Family Office, CI Coriel Capital, CI Direct Investing, CI Direct Trading and CI Investment Services.
- U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.
