Sagicor Financial Company Ltd. announced that the Company and Sagicor Life Inc., as guarantor, have entered into a note purchase agreement with J.P. Morgan Securities LLC and RBC Capital Markets, LLC as representatives of the several initial purchasers party thereto, in connection with the issuance and sale by the Company of USD 400 million of 5.300% Senior Notes due 2028 (the New Notes). The New Notes have not been and will not be registered or qualified under the U.S. Securities Act of 1933, as amended (the "Securities Act"), any Canadian securities laws or any securities laws of any other jurisdiction. The New Notes were offered and sold only to "qualified institutional buyers" as defined in and in accordance with Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act and applicable local securities laws. The Company expects to settle the New Notes offering on or about May 13, 2021, subject to the satisfaction of the conditions of closing thereto.