Trisura Group Ltd. Announces C$200 Million Senior Unsecured Notes Offering

Executive Summary

• Trisura Group Ltd. announced its intention to issue $200 million principal amount of senior unsecured notes, representing a significant debt financing event.
• The notes carry a fixed annual interest rate of 4.015% and are scheduled to mature on March 17, 2031.
• The offering is rated BBB (high) with a stable trend by Morningstar DBRS and is being conducted via private placement in Canada.

Key Details

• Instrument: Senior unsecured notes.
• Principal Amount: $200 million.
• Interest Rate: Fixed annual rate of 4.015%.
• Maturity Date: March 17, 2031.
• Use of Proceeds: General corporate purposes and repayment of existing indebtedness.
• Rating: BBB (high), stable trend, by Morningstar DBRS.
• Offering Structure: Private placement in Canada, relying on exemptions from prospectus requirements.
• Underwriters/Bookrunners: Joint bookrunners are BMO Capital Markets and Scotiabank; co-managers include CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, and TD Securities.
• Closing Date: Expected to occur on March 17, 2026, subject to customary closing conditions.
• Ranking: Direct unsecured obligations ranking equally with all other unsecured and unsubordinated indebtedness of Trisura.