Transaction|September 25, 2015
Sun Life Financial completes offering of subordinated unsecured debentures
Torys acted as counsel to Sun Life Financial with a team that included Philip Mohtadi, Craig Maurice, Matthew Lui, Charlotte Cameron and Sharon Au.
On September 25, 2015, Sun Life Financial Inc. (Sun Life) announced the successful completion of the public offering in Canada of C$500 million principal amount of Series 2015-1 subordinated unsecured 2.60% fixed/floating debentures due 2025.
The net 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.
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 PR Newswire's website.