Sagicor launches cash tender offer for all 8 7/8% notes due 2022

Chicago, May 3 – Sagicor Finance (2015) Ltd. launched an any-and-all tender offer on Monday for its $318,103,000 outstanding 8 7/8% senior notes due 2022 (Cusips: 78669PAA0, G7776BAA3), according to a press release.

Sagicor Financial Co. Ltd. is the guarantor.

The company is offering $1,010 per $1,000 note as a tender offer consideration.

The offer will expire at 5 p.m. ET on May 7.

The guaranteed delivery deadline is 5 p.m. ET on the second business day after the expiration deadline.

Settlement is planned for May 13.

Funding for the tender offer will come from a proposed issuance of securities. The tender offer is conditioned upon the receipt of those proceeds.

Noteholders who wish to subscribe for new notes should include an allocation identification code with the tender of their securities.

D.F. King & Co., Inc. (212 269-5550, 877 732-3614, sagicor@dfking.com) is the tender and information agent.

Dealer managers for the offer are J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) and RBC Capital Markets, LLC (877 381-2099, 212 618-7843).

Sagicor is a financial services company operating in Latin America and the Caribbean. The issuer is based in George Town, Cayman Islands.

© 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.