Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) has announced its intention to issue $750 million principal amount of Series 2026-1 Subordinated Unsecured 4.21% Fixed/Floating Debentures due 2038 in Canada. The offering is expected to close on June 19, 2026.
Use of Proceeds
The net proceeds from the debenture offering will be allocated for general corporate purposes. These may include investments in subsidiaries, repayment of existing indebtedness, and other strategic investments.
Offering Details
Details of the offering will be outlined in a pricing supplement that the company intends to issue under its short form base shelf prospectus and prospectus supplement, both dated March 17, 2025. These documents will be available on SEDAR+ under Sun Life Financial Inc.'s profile at www.sedarplus.ca.
The debentures will be sold on a reasonable best efforts agency basis by a syndicate led by CIBC Capital Markets, RBC Capital Markets, and TD Securities as co-leads. The proceeds are expected to qualify as Tier 2 capital.
Regulatory and Legal Considerations
The debentures have not been and will not be registered under the United States Securities Act of 1933. They may not be offered, sold, or delivered within the United States or to U.S. persons. This release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of securities laws, including statements regarding the offering, closing, and use of proceeds. These statements are based on current expectations and involve risks and uncertainties. Actual results may differ materially. The company does not undertake to update these statements 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. It operates in multiple markets 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, 2026, Sun Life had total assets under management of $1.58 trillion.
Sun Life Financial Inc. trades on the Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE), and Philippine Stock Exchange (PSE) under the ticker symbol SLF.
All figures are in Canadian dollars.
For media inquiries: Media.Relations@sunlife.com
For investor relations: Investor_Relations@sunlife.com
SOURCE Sun Life Financial Inc. – Financial News
