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TORONTO, June 08, 2021 (GLOBE NEWSWIRE) – Trisura Group Ltd. (“Trisura”, or the “Company”) (TSX:TSU), a leading international specialty insurance company, today announced its intention to issue a principal amount of $ 75 million of senior unsecured notes (the “Notes”). The Notes will be direct unsecured obligations of Trisura and will rank pari passu with all other unsecured and unsubordinated indebtedness of Trisura. The Notes will bear interest at a fixed annual rate of 2.641% until maturity on June 11, 2026.

The Company intends to use the net proceeds of this note offering for general corporate purposes and to reduce short-term debt.

The Notes will be offered in Canada on a private placement in accordance with exemptions from prospectus requirements under applicable securities laws and are rated BBB, with a stable trend by DBRS Morningstar. The Notes will be sold on an agency basis by a syndicate of brokers led by BMO Capital Markets as sole bookrunner, as well as CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, Scotia Capital and Securities. TD Mobilities as co-managers. The closing of the offering of the Notes is expected to occur on June 11, 2021, subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to ‘registration or qualification. under the securities laws of such jurisdiction. The securities offered have not been registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the requirements of recording.

About Trisura Group Ltd.
Trisura Group Ltd. is an international specialist insurance provider operating in the surety, risk solutions, commercial insurance, fronting and reinsurance market segments. Trisura has three main regulated subsidiaries: Trisura Guarantee Insurance Company in Canada, Trisura Specialty Insurance Company in the United States and Trisura International Insurance Ltd. in Barbados. The Trisura Group is listed on the Toronto Stock Exchange under the symbol “TSU”.

More information is available at Important information may be disseminated exclusively through the website; investors should visit the site to access this information. Details regarding the operations of the Trisura Group are also set out in the regulatory documents. A copy of the documents can be obtained on the Trisura Group SEDAR profile at

For more information, please contact:
Name: Bryan Sinclair
Phone. : 416 607 2135
E-mail: [email protected]

Caution regarding forward-looking statements and information
Note: This press release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend on or refer to future events or conditions, include statements regarding operations, activities, financial condition, expected financial results, performance, outlook, opportunities, priorities, goals, objectives, objectives, strategies and outlook of the Company and its subsidiaries, as well as the outlook for the North American and international economies for the current year and subsequent periods, and include words such as “expects”, “probable”, “anticipates”, “” plans “,” believes “,” estimates “,” seeks “,” intends “,” targets “,” plans “, “Foresees” or negative versions of these and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

Although we believe that our anticipated future results, performance or achievements expressed or implied by forward-looking statements and information are based on reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information as they imply unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of our company to differ materially from the anticipated future results, performance or achievements expressed or under – understood by these forward-looking statements and information.

Factors that could cause actual results to differ materially from those envisaged or suggested by forward-looking statements include, but are not limited to: developments related to COVID-19, including the impact of COVID-19 on the global economy and financial markets; the impact or unintended impact of general economic, political and business factors in the countries in which we do business; the behavior of financial markets, including fluctuations in interest rates and exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing in these markets; strategic actions, including provisions; the ability to effectively complete and integrate acquisitions into existing operations and the ability to achieve expected benefits; changes in accounting policies and methods used to present the financial position (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulations and laws in the countries in which we operate; government investigations; litigation; changes in tax laws; changes in capital requirements; changes in reinsurance agreements; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes or pandemics; the possible impact of international conflicts and other developments, including terrorist acts and cyberterrorism; and other risks and factors detailed from time to time in our filings with securities regulators in Canada.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the above factors as well as other uncertainties and potential events. Unless required by law, Trisura Group Ltd. assumes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may result from new information, future events or otherwise.

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