Ci financial announces debenture financing to refinance existing indebtedness

Toronto--( business wire )--ci financial corp. (“ci”) (tsx: cix; nyse: cixx) announced today that it has entered into an agreement to sell debentures with an aggregate principal amount of $400 million, maturing on december 2, 2025. the 2025 debentures have a term of three years and carry an interest rate of 7.00% payable semi-annually. the debentures have a provisional rating of bbb (stable) by dbrs, baa2 (stable) by moody's, and bbb- (negative) by standard & poor's.
CIX Ratings Summary
CIX Quant Ranking