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Great-West Lifeco completes offering of US$500 million of senior notes
Great-West Lifeco completes offering of US$500 million of senior notes Canada News...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n\n\n\nGreat-West Lifeco completes offering of US$500 million of senior notes\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\nWINNIPEG, MB, Aug. 12, 2020\n\n\n\nTSX:GWO\n WINNIPEG, MB, Aug. 12, 2020 /CNW/ - Great-West Lifeco Inc. today announced that its subsidiary, Great-West Lifeco U.S. Finance 2020, LP (\"GWLP\"), has completed its previously announced offering of US$500 million aggregate principal amount of 0.904% senior notes due 2025 (the \"Notes\"). The Notes are fully and unconditionally guaranteed by Great-West Lifeco.\nGreat-West Lifeco and GWLP have entered into a purchase agreement relating to the issue and sale of the Notes with Morgan Stanley & Co. LLC, Morgan Stanley Canada Limited, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and RBC Dominion Securities Inc., who acted as joint book-running managers for the offering.\nThe Notes are being sold to qualified institutional buyers in the United States in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the \"Securities Act\"), and to persons outside the United States in accordance with Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes will not be qualified for distribution to the public under the securities laws of any province or territory of Canada and may not be offered or sold in Canada, directly or indirectly, other than pursuant to applicable private placement exemptions. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.\nAbout Great-West Lifeco \nGreat-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset manageme...