Brief: Ci Financial Corp Announces Pre-IPO Minority Investment In Its U.S. Wealth Management Business

CI Financial

11/05/2023 13:41

May 11 (Reuters) - CI Financial Corp  CIX.TO :
    * CI FINANCIAL CORP: ANNOUNCES PRE-IPO MINORITY INVESTMENT
IN ITS
U.S. WEALTH MANAGEMENT BUSINESS
    * CI FINANCIAL CORP: AGREED TO SELL A 20% MINORITY
INVESTMENT IN
ITS U.S. WEALTH MANAGEMENT BUSINESS
    * CI FINANCIAL CORP: SALE OF STAKE TO GROUP OF INSTITUTIONAL
INVESTORS, INCLUDING UNIT OF ABU DHABI INVESTMENT AUTHORITY,
BAIN CAPITAL & OTHERS
    * CI FINANCIAL CORP: PROCEEDS OF $1.34 BILLION FROM DEAL TO
BE
USED TO REDUCE NET LEVERAGE
    * CI FINANCIAL CORP: ANNOUNCES OFFER TO TENDER THREE
TRANCHES OF
BONDS TOTALING $1 BILLION
    * CI FINANCIAL CORP: OFFER TO TENDER THREE TRANCHES OF BONDS
IN
ADDITION TO FULLY PAYING DOWN AND REDUCING SIZE OF ITS REVOLVING
CREDIT FACILITY BY 25%
    * CI FINANCIAL CORP: FINANCIAL AMOUNTS IN CANADIAN DOLLARS

Source text for Eikon:  ID:nBw3swBd3a 
Further company coverage:  CIX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))