CI Financial Completes $500 Million Private Hybrid Offering

Paul, Weiss advised the initial purchasers in CI Financial Holdings Ltd.’s private offering of $500 million aggregate principal amount of 7.625% fixed-rate resettable junior subordinated notes due 2056. The initial purchasers were led by Goldman Sachs & Co. LLC. CI Financial Holdings is a UK-based holding company, with operating subsidiaries including Toronto-based CI Financial Corp., a diversified global asset and wealth management company, and Miami-based Corient, the world’s largest multi-family office and non-bank wealth manager focused on ultra-high- and high-net-worth clients. 

The Paul, Weiss team included corporate partners Christopher Cummings, Francesca Storey-Harris, Uma Sud and counsel Aaron Abramson; tax partners Matthew Jordan, Cian O’Connor, Rohit Pisal and counsel Samir Kurani; and executive compensation counsel Jake Glazeski.