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Sagicor Finance (2015) launches tender offer for 2022 notes

Sagicor Finance (2015) Ltd. said Dec. 20 that it launched a cash tender offer to repurchase any or all of its outstanding 8.875% senior notes due 2022.

The company will pay in cash 101% of the principal amount, plus any accrued and unpaid interest, in the repurchase offer, which expires Jan. 22, 2020.

Sagicor Finance (2015) said it is making the repurchase offer in connection with the merger between parent company Sagicor Financial Corp. Ltd. and Alignvest Acquisition II Corp., which closed earlier in December.