Sun Life Financial Inc. announced plans to issue $1 billion in Series 2025-2 Subordinated Unsecured 4.56% Fixed/Floating Debentures due 2040 in Canada. The company expects the offering to close on December 3, 2025. Sun Life stated that net proceeds from the issuance will be used for general corporate purposes, which may include acquiring remaining interests in SLC Management affiliates BentallGreenOak and Crescent Capital Group LP, investing in subsidiaries, repaying debt, and making other strategic investments.
The company indicated that details of the offering will be included in a pricing supplement to its short form base shelf prospectus and prospectus supplement dated March 17, 2025. These documents are or will be available through Sun Life’s SEDAR+ profile at www.sedarplus.ca. The debentures will be sold by a syndicate led by RBC Capital Markets, BMO Capital Markets, and Scotiabank as co-leads on a reasonable best efforts agency basis. Proceeds from the offering are expected to qualify as Tier 2 capital.
Sun Life emphasized that the debentures have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States or to U.S. persons.
The release included cautionary language about 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 offering, including 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 December 1, 2025, 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, 2024 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, 2024 under the heading 'Risk Factors' and in the Company's interim management's discussion and analysis for the quarter ended September 30, 2025 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.sedarplus.ca 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," according to Sun Life.
Sun Life is an international financial services provider operating across several markets globally including Canada, United States, United Kingdom, Ireland, Hong Kong, Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As reported on September 30th ,2025 ,the firm managed assets totaling $1.62 trillion.
Shares of Sun Life Financial Inc., listed under ticker symbol SLF ,are traded on stock exchanges located in Toronto (TSX), New York (NYSE), and Philippines (PSE).
All figures provided by Sun Life were denominated in Canadian dollars.