Sun Life Financial Inc 6-K, filed Sep 30, 2020
Sun Life Financial Inc (SLF)
About this 6-K
Sun Life Financial Inc filed this 6-K on September 30, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
| For the month of September 2020 | Commission File Number: 001-15014 |
SUN LIFE FINANCIAL INC.
(the "Company")
(Translation of registrant's name into English)
1 York Street, 31st Floor, Toronto, Ontario, M5J 0B6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F ☐ | Form 40-F ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):____
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Sun
Life Financial Inc. (Registrant) | ||||
| Date: September 29, 2020 | By: | /s/ “Tracie Allan” | ||
| Tracie Allan | ||||
Assistant Vice-President and Managing Counsel, Sun Life Financial | ||||
| Exhibits | Description | |
| 99.1 | Press Release dated September 29, 2020. | |
Exhibit 99.1
Sun Life announces offering of Subordinated Unsecured Debentures
TORONTO, Sept. 29, 2020 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") announced today that it intends to issue in Canada $750 million principal amount of Series 2020-2 Subordinated Unsecured 2.06% Fixed/Floating Debentures due 2035 (the "Debentures"). The offering is expected to close on October 1, 2020. 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.
Details of the offering will be set out in a pricing supplement that the Company intends to issue pursuant to its short form base shelf prospectus and its prospectus supplement, each dated March 28, 2019, all of which are or will be available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com. The Debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, CIBC Capital Market and Scotiabank, as co-leads. The proceeds from this offering are expected to qualify for Tier 2 capital.
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
closing and 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 September 29, 2020, 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, 2019
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, 2019 under the heading "Risk Factors" and in the Company's interim management's discussion
and analysis for the quarter ended June 30, 2020 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 a diverse range of insurance, wealth and asset
management solutions to individual and corporate 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, 2020, Sun Life had total assets under management of $1,122 billion. 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: | Investor Relations Contact: |
| Irene Poon | Leigh Chalmers |
|
Manager Corporate Communications |
Senior Vice-President, Head of Investor Relations & Capital Management |
| Sun Life | Sun Life |
| t. 416-988-0542 | t. 647-256-8201 |
| irene.poon@sunlife.com | Investor.relations@sunlife.com |
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SOURCE Sun Life Financial Inc.
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%CIK: 0001097362
CO: Sun Life Financial Inc.
CNW 16:48e 29-SEP-20