TORONTO, Sept. 22, 2015 /CNW/ - Sun Life Financial Inc. (TSX: SLF)
(NYSE: SLF) (the "Corporation") announced today that it intends to
issue in Canada up to $500 million principal amount of Series 2015-1
Subordinated Unsecured 2.60% Fixed/Floating Debentures due 2025 (the "Debentures"). The offering is
expected to close on September 25, 2015 and the proceeds will be used
to partially fund the acquisition of the employee benefits business of
Assurant, Inc. and may also be used for general corporate purposes,
which may include investments in subsidiaries.
Details of the offering will be set out in a pricing supplement that the
Corporation intends to issue pursuant to its short form base shelf
prospectus and its prospectus supplement, each dated April 8, 2015, all
of which are or will be available on the SEDAR website for Sun Life
Financial Inc. at www.sedar.com. The Debentures will be sold on a best efforts agency basis by a
syndicate led by RBC Capital Markets and CIBC, as co-leads. The
proceeds from this offering are expected to qualify for Tier 2B
The Debentures have not been and will not be registered under the United
States Securities Act of 1933, as amended, and may not be offered, sold
or delivered, directly or indirectly, within the United States of
America and its territories and possessions or to, or for the account
or benefit of, United States persons except in certain transactions
exempt from the registration requirements of such Act. This release
does not constitute an offer to sell or a solicitation to buy such
securities in the United States.
About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading
international financial services organization providing a diverse range
of protection and wealth products and services to individuals and
corporate customers. Sun Life Financial and its partners have
operations in a number of markets worldwide, including Canada, the
United States, the United Kingdom, Ireland, Hong Kong, the Philippines,
Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia
and Bermuda. As of June 30, 2015, the Sun Life Financial group of
companies had total assets under management of $808 billion. For more
information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to Editors: All figures in Canadian dollars.
SOURCE Sun Life Financial Inc.
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