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Definity Financial Plans To Issue $1 Bln Senior Secured Notes

September 11, 2025 — 12:39 pm EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Definity Financial Corp. (DFY.TO), Thursday announced its plan to issue $1 billion aggregate principal amount of senior unsecured notes in two series.

The company intends to use the proceeds to fund a portion of the purchase price of the previously announced acquisition of the Canadian operations of The Travelers Companies, Inc.

The offering is expected to close on September 12, 2025.

Currently, Definity's stock is trading at $73.93, up 0.45 percent on the Toronto.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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