/CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor" or "Company"), a leading financial services provider in the Caribbean with a growing presence in.
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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 "2022 Notes"). The Company expects that the 2022 Notes will be redeemed on August 11, 2021 pursuant to the terms of the note indenture governing the 2022 Notes at an aggregate redemption price of approximately US$188 million (being 100% of the remaining principal amount of the 2022 No
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TORONTO and BARBADOS, May 7, 2021 /CNW/ - Sagicor Financial Company Ltd. ( Sagicor or the Company ) today announced that its previously announced cash tender offer (the Tender Offer ) for any and all of the outstanding 8.875% Senior Notes due 2022 issued by its subsidiary Sagicor Finance (2015) Limited (the Securities ) expired at 5:00 p.m., New York City time, on May 7, 2021 (such date and time, the Expiration Date ). The dealer managers for the Tender Offer are J.P. Morgan Securities LLC and RBC Capital Markets, LLC.
As of the Expiration Date, a total of U.S.$130,164,000 aggregate principal amount of the Securities had been validly tendered and not validly withdrawn pursuant to the Tender Offer (the Tendered Securities ). No Securities were tendered pursuant to the guaranteed delivery procedures described in the applicable offering documents.