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Subsidiary of Sagicor Financial Company Ltd. Completes Redemption of 8.875% Senior Notes due 2022
Subsidiary of Sagicor Financial Company Ltd. Completes Redemption of 8.875% Senior Notes ...
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n \n \n \n Subsidiary of Sagicor Financial Company Ltd. Completes Redemption of 8.875% Senior Notes due 2022\n \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 Canada NewsWire\n \n \n \n \n \n TORONTO\n \n and\n \n BARBADOS\n \n ,\n \n Aug. 11, 2021\n \n /CNW/ - Sagicor Financial Company Ltd. (\"Sagicor\" or the \"Company\") today announced that its subsidiary, Sagicor Finance (2015) Limited, has completed the redemption of\n \n US$187,939,000\n \n aggregate principal amount remaining of its outstanding 8.875% Senior Notes due 2022 (the \"\n \n 2022 Notes\n \n \").  Cash used for the redemption was approximately\n \n US$196,278,793.13\n \n , which included the aggregate principal amount of the outstanding 2022 Notes being redeemed plus accrued and unpaid interest thereon.  As previously announced, the redemption price was funded from the proceeds of the Company's previously completed offering of\n \n US$400 million\n \n of 5.300% Senior Notes due\n \n May 13\n \n , 2028.\n \n \n \n About Sagicor Financial Company Ltd.\n \n \n \n Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider in the\n \n Caribbean\n \n , with over 180 years of history, and has a growing presence as a provider of life insurance products in\n \n the United States\n \n . Sagicor 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,\n \n Hamilton\n \n , HM 11,\n \n Bermuda\n \n , with its principal office located at Cecil F De Caires Building, Wildey,\n \n St. Michael\n \n , Barbados.  Additional information about Sagicor can be obtained by visiting\n \n www.sagicor.com\n \n .\n \n \n \n \n Cautionary Statements\n \n \n \n \n \n Certain information\n \n \n contained in this news release may be forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are often, but not always identified by the use of words such as \"expect\", \"anticipate\", \"bel...