WINNIPEG, May 26, 2017 /PRNewswire/ - Great-West Lifeco
Inc. (Lifeco) announced today that its subsidiary, Great-West
Lifeco Finance (Delaware) LP
(GWLP), has completed its previously announced offering of
US$700 million aggregate principal
amount of 4.15% senior notes due 2047. The notes are fully and
unconditionally guaranteed by Lifeco.
Lifeco and GWLP have entered into a purchase agreement relating
to the issue and sale of the notes with Wells Fargo Securities,
LLC, BMO Capital Markets Corp., BMO Nesbitt Burns Inc., J.P. Morgan
Securities LLC and RBC Capital Markets, LLC, who acted as joint
book-running managers for the offering.
The notes are being sold to qualified institutional buyers in
the United States in accordance
with Rule 144A under the U.S. Securities Act of 1933, as amended
(the Securities Act), and to persons outside the United States in accordance with
Regulation S under the Securities Act. The notes have not been and
will not be registered under the Securities Act and may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the Securities Act. The notes will
not be qualified for distribution to the public under the
securities laws of any province or territory of Canada and may not be offered or sold in
Canada, directly or indirectly,
other than pursuant to applicable private placement
exemptions. This news release shall not constitute an offer
to sell or the solicitation of an offer to buy the notes nor shall
there be any sale of the notes in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful.
Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is
an international financial services holding company with interests
in life insurance, health insurance, retirement and investment
services, asset management and reinsurance businesses. Lifeco
has operations in Canada,
the United States, Europe and Asia through Great-West Life, London Life,
Canada Life, Irish Life, Great-West
Financial and Putnam Investments. Lifeco and its companies have
approximately CDN$1.3 trillion in
consolidated assets under administration as at March 31, 2017 and are members of the Power
Financial Corporation group of companies. Great-West Lifeco trades
on the Toronto Stock Exchange (TSX) under the ticker symbol
GWO.
Cautionary note regarding Forward-Looking
Information
Certain statements in this press release
constitute forward-looking statements. These statements are not
historical facts but instead represent only Lifeco's and GWLP's
belief regarding future events, many of which, by their nature, are
inherently uncertain and outside Lifeco's and GWLP's control. It is
possible that actual results will differ, possibly materially, from
the anticipated results indicated in these statements. Factors that
could cause actual results to differ, possibly materially, from
those in the forward-looking statements are discussed throughout
periodic filings with securities regulators including Lifeco's 2016
Annual MD&A under "Risk Management and Control Practices" and
"Summary of Critical Accounting Estimates", which, along with other
filings, is available for review at www.sedar.com. The reader is
also cautioned to consider these and other factors, uncertainties
and potential events carefully and not to place undue reliance on
forward-looking statements. Other than as specifically required by
applicable law, Lifeco and GWLP do not intend to update any
forward-looking statements whether as a result of new information,
future events or otherwise.
SOURCE Great-West Lifeco Inc.