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Subsidiary of Sagicor Financial Company Ltd. Issues Notice of Redemption in Respect of 8.875% Senior Notes Due 2022
Subsidiary of Sagicor Financial Company Ltd. Issues Notice of Redemption in Respect of 8....
About this update from Sagicor Financial Co. Ltd. Class A
[{"type":"text","content":"\n \n \n \n Subsidiary of Sagicor Financial Company Ltd. Issues Notice of Redemption in Respect 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}\ntable p, #divContent table p\n{\nmargin: 0px;\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 June 11, 2021\n \n /CNW/ - Sagicor Financial Company Ltd. (\"Sagicor\" or the \"Company\") today announced that its subsidiary, Sagicor Finance (2015) Limited, has issued a notice of redemption in respect of its 8.875% Senior Notes due 2022 (the \"\n \n 2022 Notes\n \n \").  The Company expects that the 2022 Notes will be redeemed on\n \n August 11, 2021\n \n pursuant to the terms of the note indenture governing the 2022 Notes at an aggregate redemption price of approximately\n \n US$188 million\n \n (being 100% of the remaining principal amount of the 2022 Notes being redeemed plus accrued and unpaid interest thereon).  As previously announced, the redemption price is expected to be 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.  Proceeds from the new offering were also used to repurchase approximately\n \n US$130 million\n \n principal amount of the 2022 Notes in\n \n May 2021\n \n .\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.sagico...