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Sagicor Financial Company Ltd. Announces Expiration of Debt Tender Offer
Sagicor Financial Company Ltd. Announces Expiration of Debt Tender Offer Canada Ne...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n\n\n\nSagicor Financial Company Ltd. Announces Expiration of 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, Jan. 23, 2020\n\n\n\nST. MICHAEL, Barbados and TORONTO, Jan. 23, 2020 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) today announced  the expiration of the offer by its subsidiary Sagicor Finance (2015) Limited 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. The offer expired on January 22, 2020, and tenders from the holders of US$1,897,000, or approximately 0.59% of the total outstanding principal amount of the Notes, were received. \nThe offer was made due to the recently completed business combination between Sagicor Financial Corporation Limited with SFC (formerly known as Alignvest Acquisition II Corporation), which was completed on December 5, 2019. \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.\nSOURCE Sagicor Financial Company Ltd.\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/January2020/23/c8909.html\n\n\n\n\nSagicor Financial Company Ltd., Media Enquiries: Ingrid Card, Vice President, Group Marketing, Communications & Brand Experience, 246-230-5315 or [email protected]; Investor Enquiries: Samantha Cheu...