Le Lézard
Classified in: Business
Subject: TNM

Sagicor Financial Company Ltd. Announces Expiration of Debt Tender Offer

ST. 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.

The 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.

About Sagicor Financial Company Ltd.

Sagicor 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.

SOURCE Sagicor Financial Company Ltd.

These press releases may also interest you

at 10:15
Are you turning 65 or older? Here are some tax tips from the Chartered Professional Accountants of British Columbia (CPABC) to make sure you maximize your tax savings: 1.   Get your benefitsIf you'll soon be turning 65, make sure you have applied to...

at 10:15
Owning rental properties in Oklahoma City just got easier. The creators of All County® Property Management  today are proud to announce they are expanding service to the Oklahoma City area.  All County® Heartland is now one of the 55+ franchisees of...

at 10:15
Global Business Accounting Software Market 2020-2024 The analyst has been monitoring the global business accounting software market and it is poised to grow by USD 1.64 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our...

at 10:13
Money Mailer®, a longtime leader in direct marketing, recently announced the launch of the all new Money Mailer® + Onetm Postcard. In working with the United States Postal Service*, Money Mailer® is now able to offer...

at 10:12
Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that it is investigating Spirit AeroSystems Holdings, Inc. ("Spirit" or the "Company") on behalf of investors that purchased or acquired Spirit securities between October...

at 10:12
IANS, a Boston-based cybersecurity research and advisory firm, today announced the public availability of the Cloud Security Maturity Model (CSMM). The framework, developed in conjunction with Securosis, helps organizations understand their current...

News published on 23 january 2020 at 17:00 and distributed by: