Transaction|February 19, 2016
Sun Life Financial completes offering of subordinated unsecured debentures
Torys acted as counsel to Sun Life Financial with a team that included Philip Mohtadi, Matthew Lui and Sharon Au (corporate/securities) and Richard Johnson (tax).
On February 19, 2016, Sun Life Financial Inc. announced the successful completion of the public offering in Canada of C$350 million principal amount of Series 2016-1 subordinated unsecured 3.10% fixed/floating debentures due 2026.
The net proceeds will be used to fund the acquisition of the employee benefits business of Assurant, Inc., a U.S.-based global provider of specialty protection products and related services.
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.
Further information can be found on Sun Life's website.