Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sagicor Life Inc. > News item |
Sagicor proposes $150 million add-on to 5.3% senior notes due 2028
Chicago, Dec. 9 – Sagicor Financial Co. Ltd. is offering $150 million of additional 5.3% senior notes due May 13, 2028 (//BB-), according to a press release.
Sagicor Life Inc. is the guarantor.
The additional notes constitute a reopening of the $400 million of notes sold in May.
Settlement on the additional notes is expected for Dec. 15.
J.P. Morgan Securities LLC and RBC Capital Markets, LLC have been hired as bookrunners for the Rule 144A and Regulation S transaction.
Proceeds will be used for general corporate purposes, including, but not limited to supporting the growth of the company’s U.S. business.
Sagicor Financial operates in Latin America and the Caribbean region.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.