Definity Financial Corporation Announces Increased Size of Previously Announced Private Placements of Common Shares to $385 million

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WATERLOO, ON, May 28, 2025 /CNW/ - Definity Financial Corporation (TSX:DFY.TO) announced today that it has increased the size of its previously announced private placements. Pursuant to the amended terms, the syndicate of underwriters, led by RBC Capital Markets as Sole Bookrunner (collectively the "Underwriters"), has agreed to purchase, on a bought deal basis, an aggregate of 4,631,000 common shares of Definity ("Common Shares") at an offering price of $66.65 per Common Share (the "Offering Price") for gross proceeds of approximately $309 million (the "Offering"). The Underwriters intend to arrange for substituted purchasers for the Common Shares being issued in the Offering.