TORONTO–(BUSINESS WIRE)–CI Monetary Corp. (“CI”) (TSX: CIX; NYSE: CIXX), a diversified international asset and wealth administration firm, immediately introduced the pricing of a US$260 million re-opening of its 3.200% notes due 2030 (the “Further Notes”).
The Further Notes will kind a part of the identical collection because the excellent US$700 million principal quantity of three.200% notes due 2030 (the “Current Notes”), which had been issued on December 17, 2020. Following the re-opening, the combination principal quantity of the collection shall be US$960 million. The phrases of the Further Notes shall be similar to the Current Notes, apart from the difficulty date and difficulty value.
CI intends to make use of the web proceeds from this providing to redeem CI’s excellent C$325 million mixture principal quantity of three.520% debentures due July 20, 2023. The providing is predicted to shut on January 19, 2021 and is topic to sure customary circumstances. The notes, registered with the Securities and Alternate Fee (the “SEC”) underneath the Multijurisdictional Disclosure System (“MJDS”) in Canada and the US, won’t be supplied in Canada or to any resident of Canada.
BofA Securities, Inc. is performing as book-running supervisor for the providing, and J.P. Morgan Securities LLC is performing as joint-lead supervisor.
The providing is being made by the use of a preliminary prospectus complement dated January 13, 2021 to CI’s present brief kind base shelf prospectus dated December 4, 2020, which types part of and is included in CI’s registration assertion on Kind F-10, filed in the US with the SEC underneath the MJDS. A remaining prospectus complement in respect of the providing of the notes shall be filed with the Ontario Securities Fee in Canada and the SEC.
Copies of those paperwork could also be obtained with out cost by visiting EDGAR on the SEC web site at www.sec.gov. Buyers might also acquire copies of the prospectus for the providing by contacting BofA Securities, Inc., NC1-004-03-43, 200 North Faculty Avenue, third ground, Charlotte NC 28255-0001, Attn: Prospectus Division; Phone: 1-800-294-1322, E mail: dg.prospectus_requests@bofa.com.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any securities, nor will there be any sale of those securities, in Canada or in any jurisdiction through which such provide, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. Underneath the phrases of the providing, the underwriters have agreed to not provide or promote these securities in Canada or to any resident of Canada.
About CI Monetary
CI Monetary Corp. is an unbiased firm providing international asset administration and wealth administration advisory companies. CI managed and suggested on roughly C$231 billion (US$182 billion) in consumer belongings as at December 31, 2020. CI’s major asset administration companies are CI International Asset Administration (CI Investments Inc.) and GSFM Pty Ltd., and it operates in Canadian wealth administration by way of Assante Wealth Administration (Canada) Ltd., CI Non-public Counsel LP, Aligned Capital Companions Inc., CI Direct Investing (WealthBar Monetary Companies Inc.), and CI Funding Companies Inc.
CI’s U.S. wealth administration companies include Balasa Dinverno Foltz LLC, Bowling Portfolio Administration LLC, The Cabana Group, LLC, Congress Wealth Administration, LLC, Doyle Wealth Administration, LLC, One Capital Administration, LLC, The Roosevelt Funding Group, LLC, RGT Wealth Advisors, LLC, Stavis & Cohen Non-public Wealth, LLC and Surevest LLC.
CI is listed on the Toronto Inventory Alternate underneath CIX and on the New York Inventory Alternate underneath CIXX.
This press launch incorporates forward-looking statements with respect to CI and the providing of its notes, together with in relation to the anticipated deadline of the providing and use of the web proceeds of the providing. Ahead-looking statements are usually recognized by phrases corresponding to “imagine”, “count on”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “aim”, “plan” and “undertaking” and comparable references to future durations, or conditional verbs corresponding to “will”, “might”, “ought to”, “may” or “would”. These statements are usually not historic info however as a substitute signify administration beliefs relating to future occasions, lots of which by their nature are inherently unsure and past administration’s management. Though administration believes that the expectations mirrored in such forward-looking statements are primarily based on cheap assumptions, such statements contain dangers and uncertainties. The fabric elements and assumptions utilized in reaching the conclusions contained in these forward-looking statements embrace that the funding fund trade will stay steady and that rates of interest will stay comparatively steady. Elements that would trigger precise outcomes to vary materially from expectations embrace, amongst different issues, common financial and market circumstances, together with curiosity and international trade charges, international monetary markets, modifications in authorities rules or in tax legal guidelines, trade competitors, technological developments and different elements described or mentioned in CI’s disclosure supplies filed with relevant securities regulatory authorities occasionally. The foregoing record just isn’t exhaustive and the reader is cautioned to contemplate these and different elements rigorously and to not place undue reliance on forward-looking statements. Aside from as particularly required by relevant regulation, CI undertakes no obligation to replace or alter any forward-looking assertion after the date on which it’s made, whether or not to replicate new info, future occasions or in any other case.
