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Sagicor Financial Corporation Limited - Announcement of Debt Tender Offer

Dec 23, 2019

Barbados and Toronto, December 20, 2019 Sagicor Financial Company Ltd. (TSX: SFC) is pleased to announce that its subsidiary Sagicor Finance (2015) Limited is offering 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 is being made due to the recently completed business combination between Sagicor Financial Corporation Limited (the Parent Guarantor of the Notes) with SFC (formerly known as Alignvest Acquisition II Corporation), which was completed on December 5, 2019. The offer will expire on January 22, 2020. As the Notes are currently trading at a material premium to the 101% offer price, it is not anticipated at this time that there will be material acceptances of the offer by Noteholders.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Trinidad and Tobago Stock Exchange Limited
Monday 23rd December, 2019


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