/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES./
TORONTO, Aug. 10,
2022 /CNW/ - Sun Life Financial Inc. (TSX: SLF)
(NYSE: SLF) (the "Company") announced today the successful
completion of the public offering in Canada of $650
million principal amount of Series 2022-1 Subordinated
Unsecured 4.78% Fixed/Floating Debentures due 2034 (the
"Debentures"). The net proceeds will be used for general corporate
purposes of the Company, which may include investments in
subsidiaries, repayment of indebtedness and other strategic
investments.
The Debentures were sold under a pricing supplement dated
August 8, 2022, issued pursuant to
the Company's short form base shelf prospectus and its prospectus
supplement, each dated March 19,
2021, all of which are or will be available on the SEDAR
website for Sun Life Financial Inc. at www.sedar.com.
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
August 10, 2022, 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. Some of these assumptions and risks
and uncertainties are described further in the Company's
management's discussion and analysis for the year ended
December 31, 2021 under the heading
"Forward-looking Statements", in the risk factors set out in the
Company's annual information form for the year ended December 31, 2021 under the heading "Risk
Factors" and in the Company's interim management's discussion and
analysis for the quarter ended June 30,
2022 under the heading "Risk Management", in the 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.sedar.com and www.sec.gov, respectively. Actual results
may differ materially from those expressed, implied or forecasted
in such forward-looking statements.
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 June 30,
2022, Sun Life had total assets under management of
$1.26 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
Sun Life Media Relations
Contact:
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Sun Life Investor Relations
Contact:
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Rajani
Kamath
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Yaniv
Bitton
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Associate
Vice-President
Corporate
Communications
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Vice-President,
Head of Investor
Relations & Capital Markets
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T.
647-515-7514
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T.
416-979-6496
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rajani.kamath@sunlife.com
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yaniv.bitton@sunlife.com
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SOURCE Sun Life Financial Inc.