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

Core Viewpoint - Trisura Group Ltd. plans to issue $200 million in senior unsecured notes with a fixed interest rate of 4.015% until maturity on March 17, 2031 [1][3]. Group 1: Financial Details - The notes will be direct unsecured obligations of Trisura and will rank equally with all other unsecured and unsubordinated indebtedness [1]. - The net proceeds from the offering will be used for general corporate purposes and repayment of existing indebtedness [2]. - The notes are rated BBB (high) with a stable trend by Morningstar DBRS [3]. Group 2: Offering Process - The notes will be offered in Canada on a private placement basis, relying on exemptions from the prospectus requirements under applicable securities legislation [3]. - The offering will be managed by a syndicate of dealers led by BMO Capital Markets and Scotiabank, with other co-managers including CIBC Capital Markets, National Bank Financial Markets, RBC Capital Markets, and TD Securities [3]. - The closing of the offering is expected to occur on March 17, 2026, subject to customary closing conditions [3]. Group 3: Company Overview - Trisura Group Ltd. is a specialty insurance provider operating in the Surety, Warranty, Corporate Insurance, and Fronting business lines [5]. - The company conducts insurance operations primarily in Canada and the United States and is listed on the Toronto Stock Exchange under the symbol "TSU" [5].