/Note: Not for distribution to
U.S. newswire services or for dissemination in the United States./
TORONTO, May 15, 2024
/CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the
"Company" or "Sun Life") announced today the successful completion
of the public offering in Canada
of $750 million principal amount of
Series 2024-1 Subordinated Unsecured 5.12% Fixed/Floating
Debentures due 2036 (the "Debentures"). An amount equal to the net
proceeds from the offering of the Debentures will be used to
finance or refinance, in whole or in part, green and social assets
within the Company's general account that meet the eligibility
criteria set out under Sun Life's 2024 Sustainability Bond
Framework.
The Debentures were sold under a pricing supplement dated
May 13, 2024, issued pursuant to the
Company's short form base shelf prospectus and its prospectus
supplement each dated March 24, 2023,
all of which are available on the SEDAR+ profile for the Company at
www.sedarplus.ca.
The Debentures have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not
be offered, sold or delivered, directly or indirectly, within
the United States of America and
its territories and possessions or to, or for the account or
benefit of, United States persons
except in certain transactions exempt from the registration
requirements of such Act. This release does not constitute an offer
to sell or a solicitation to buy such securities in the United States.
Forward-Looking Statements
From time to time, the
Company makes written or oral forward-looking statements within the
meaning of certain securities laws, including the "safe harbour"
provisions of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities legislation.
Forward-looking statements contained in this news release include
statements (i) regarding the use of proceeds of the offering; (ii)
that are predictive in nature or that depend upon or refer to
future events or conditions; and (iii) that include words such as
"intends", "expects", "will" and similar expressions. The
forward-looking statements in this news release are stated as at
May 15, 2024, represent the Company's
current expectations, estimates and projections regarding future
events and are not historical facts. These statements are not a
guarantee of future performance and involve assumptions and risks
and uncertainties that are difficult to predict. Actual results may
differ materially from those expressed, implied or forecasted in
such forward-looking statements. The Company makes no guarantee
that investments that meet the eligibility criteria under Sun
Life's 2024 Sustainability Bond Framework will result in any
environmental, social or sustainability impact, outcome or benefit,
that such impacts, outcomes or benefits will meet anticipated
targets or objectives, or that such impacts, outcomes and benefits
can be quantified. Factors that may cause actual results to differ
materially from those expressed in forward-looking statements
include the matters set out in the Company's management's
discussion and analysis for the year ended December 31, 2023 under the heading
"Forward-looking Statements", the risk factors set out in the
Company's annual information form for the year ended December 31, 2023 under the heading "Risk
Factors" and in the Company's interim management's discussion and
analysis for the quarter ended March 31,
2024 under the heading "Risk Management", the factors set
out in the Company's 2023 Sustainability Report under the heading
"Forward-looking Statements" and other factors detailed in the
Company's annual and interim financial statements and in the
Company's other filings with Canadian and U.S. securities
regulators, which are available for review at
www.sedarplus.ca and www.sec.gov, respectively.
The Company does not undertake any obligation to update or
revise its forward-looking statements to reflect events or
circumstances after the date of this news release or to reflect the
occurrence of unanticipated events, except as required by law.
About Sun Life
Sun Life is a leading international
financial services organization providing asset management, wealth,
insurance and health solutions to individual and institutional
Clients. Sun Life has operations in a number of markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March
31, 2024, Sun Life had total assets under management of
$1.47 trillion. For more information,
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars.
Media Relations
Contact: Alessandra Nigro
Director
Corporate Communications
T. 416-979-4884
alessandra.nigro@sunlife.com
|
Investor Relations
Contact:
David Garg
Senior Vice-President, Capital Management and Investor
Relations
T. 416-408-8649
david.garg@sunlife.com
|
SOURCE Sun Life Financial Inc.