IGM Financial announces $250M offering

News Release


Winnipeg, MB. – December 5, 2017 – IGM Financial Inc. (TSX:IGM) (“IGM Financial”) announced today that it has priced the issuance of $250 million principal amount of debentures. The debentures will be offered through a group of agents to be led by BMO Capital Markets and TD Securities.

The debentures will be dated December 7, 2017 and will mature on December 9, 2047. These debentures will bear interest at a rate of 4.115% per annum payable semi-annually in arrears in equal installments (except in respect of the initial interest payment) on June 9 and December 9 of each year, beginning on June 9, 2018. The debentures have been priced to provide a yield to maturity of 4.115%.

The offering of the debentures is expected to close on or about December 7, 2017. The net proceeds will be used by IGM Financial to repay upcoming long-term debt maturities and for general corporate purposes.

The offering will be made pursuant to a prospectus supplement to IGM Financial’s short form base shelf prospectus dated November 29, 2016. The supplement, once filed, will be available on SEDAR at www.sedar.com.

The debentures offered have not been and will not be registered under the Securities Act of 1933 of the United States of America, as amended (the “U.S. Securities Act”) or any state securities laws. These securities may not be offered, sold or delivered in the United States or to or for the benefit of U.S. Persons (as defined in Regulation S under the U.S. Securities Act) and this News Release does not constitute an offer to sell or a solicitation of an offer to buy the debentures within the United States.

IGM Financial Inc. is one of Canada’s premier personal financial services companies, and one of the country’s largest managers and distributors of mutual funds and other managed asset products, with approximately $157 billion in total assets under management as of November 30, 2017. Its activities are carried out principally through Investors Group, Mackenzie Investments and Investment Planning Counsel.


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