Sagicor Prices C$350 Million Senior Unsecured Notes
Sagicor Financial (TSX:SFC:CA) has priced a private placement of C$350 million in senior unsecured notes with an interest rate of 5.503%, maturing on September 25, 2031. The offering is expected to close on the same date five years later—September 25, 2026—and will be pari passu with other existing senior debt obligations. The company plans to use proceeds from this issuance primarily for repaying outstanding debts and covering related transaction costs. This move aligns with Sagicor’s ongoing strategy of managing its capital structure efficiently.
Topics: debt issuance private placement senior unsecured notes