CI Financial Corp. announced an offering of CAD 500 million principal amount of debentures due April 3, 2035. The debentures will bear interest at a rate of 4.75% per annum, payable semi-annually in arrears on April 3 and October 3 of each year, beginning October 3, 2025. The debentures are scheduled to be issued on April 1, 2025, with a closing date also on April 1, 2025. The offering was made pursuant to a short form base shelf prospectus dated December 19, 2024, and a prospectus supplement dated March 26, 2025.

The net proceeds from the offering are intended for general corporate purposes, including the repayment of existing indebtedness. The debentures will be senior unsecured obligations and will rank equally with all other unsecured and unsubordinated indebtedness of CI Financial.

The offering was made through a syndicate of agents led by CIBC Capital Markets and RBC Capital Markets, and included BMO Nesbitt Burns, Scotiabank, TD Securities, and National Bank Financial. Legal counsel to CI Financial was Stikeman Elliott LLP, while the agents were represented by Torys LLP.