Jul 2025 Financial News

NCB Financial Group Limited - Notice of Update to Proposed Transaction (Update #2)

Jul 22, 2025

NCB FINANCIAL GROUP LIMITED PROVIDES UPDATE OF PROPOSED TRANSACTION

NCB Financial Group Limited now confirms, further to its release on July 18, 2025, an Amended and Restated Offering Memorandum has been released on July 21, 2025, in connection with a Senior Secured Notes offering in the international securities markets. This is expected to be followed by pricing shortly thereafter and then transaction closure. The timing and completion of the offering remain subject to factors including market conditions.

This announcement is not an offer, solicitation or sale of securities in the United States or any other state or jurisdiction, and there shall not be any offer, solicitation or sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities described in this announcement may only be offered in the United States to “qualified institutional buyers” as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the “Act”), or to “non-U.S. persons” in offshore transactions outside the United States in accordance with Regulation S thereunder. The securities have not been and will not be registered under the Act, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the Act.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements, including statements regarding the expected timing of pricing and transaction closure of the Senior Secured Notes offering. These statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied. Factors that could cause such differences include market conditions, global economic conditions, political and business conditions in Jamaica and other markets where NCB Financial Group operates, cost and availability of funding, regulatory changes and other risks described in Amended and Restated Offering Memorandum. NCB Financial Group assumes no obligation to update these forward-looking statements and investors should not place undue reliance on them.

The offering will be rated by Standard & Poors Ratings Services and Fitch Ratings. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 22nd July 2025