Debt Issuance

TORONTO and BARBADOS, Aug. 11, 2021 /CNW/ - Sagicor Financial Company Ltd. ("Sagicor" or the "Company") today announced that its subsidiary, Sagicor Finance (2015) Limited, has completed the redemption of US$187,939,000 aggregate principal amount remaining of its outstanding 8.875% Senior Notes due 2022 (the "2022 Notes"). Cash used for the redemption was approximately US$196,278,793.13, 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 US$400 million of 5.300% Senior Notes due May 13, 2028.