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Sagicor Financial Company Ltd. announces Debt Tender Offer
Sagicor Financial Company Ltd. announces Debt Tender Offer Canada NewsWire ST. M...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n\n\n\nSagicor Financial Company Ltd. announces Debt Tender Offer\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nST. MICHAEL, Barbados and TORONTO, Dec. 20, 2019\n\n\n\nST. MICHAEL, Barbados and TORONTO, Dec. 20, 2019 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC ) is pleased to announce that its subsidiary Sagicor Finance (2015) Limited is offering to repurchase all or any part of its US$320,000,000 aggregate principal amount of 8.875% Senior Notes due 2022 at 101% of the principal amount of the repurchased Notes, plus accrued and unpaid interest, if any, as required by the terms of the Notes.\nThe offer is being made due to the recently completed business combination between Sagicor Financial Corporation Limited (the Parent Guarantor of the Notes) with SFC (formerly known as Alignvest Acquisition II Corporation), which was completed on December 5, 2019. The offer will expire on January 22, 2020. As the Notes are currently trading at a material premium to the 101% offer price, it is not anticipated at this time that there will be material acceptances of the offer by Noteholders.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.\nAbout Sagicor Financial Company Ltd.\nSagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider in the Caribbean, with almost 180 years of history, and has a growing presence as a provider of life insurance products in the United States, with over US$1.4 billion in total annual premiums. Sagicor has over 4500 employees and offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados.\nCertain information contained in this news rel...