Sagicor Financial Company Ltd. announced that the Company and Sagicor Life Inc., as guarantor, have completed its previously announced offering of USD 400 million of 5.300% Senior Notes due May 13, 2028. The Company used partial proceeds of the transaction to repurchase USD 30 million aggregate principal amount of its 8.875% Senior Notes due 2022 issued by its subsidiary Sagicor Finance (2015) Limited (the "2022 Notes"). Sagicor also intends to repurchase the remaining USD 188 million of 2022 Notes later this year using part of the proceeds. Sagicor expects to retain approximately USD 70 million of net cash proceeds to be used for general corporate purposes. The New Notes will bear interest at a fixed annual rate of 5.300% until May 13, 2028 and the interest will be payable on a semi-annual basis on May 13 and November 13 of each year, commencing November 13, 2021.