TORONTO, Feb. 19, 2016 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE:
SLF) ("Sun Life") announced today the successful completion of the
public offering in Canada of $350 million principal amount of Series
2016-1 Subordinated Unsecured 3.10% Fixed/Floating Debentures due 2026 (the "Debentures"). The net
proceeds will be used to partially fund the previously announced
acquisition of the employee benefits business of Assurant, Inc. and may
also be used for general corporate purposes, which may include
investments in subsidiaries.
The Debentures were sold under a pricing supplement dated February 16,
2016, issued pursuant to Sun Life's short form base shelf prospectus
and its prospectus supplement dated April 8, 2015, all of which are
available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com.
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
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 has 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 December 31, 2015, the Sun Life
Financial group of companies had total assets under management of $891
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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