NOVEMBER 26, 2024
FOR IMMEDIATE RELEASE
PRESS RELEASE
SCI’S PERPETUAL CUMULATIVE REDEEMABLE PREFERENCE SHARE OFFER
NOW OPEN FOR SUBSCRIPTIONS
(Castries, Saint Lucia) Sygnus Credit Investments Limited (“SCI” or “the company”), is
pleased to announce that its Perpetual Cumulative Redeemable Preference Share Offer is
now open for subscriptions. The Offer totals J$1,200,000,000.00 (up-sizeable to
J$1,600,000,000.000) and US$20,000,000.00, across two (2) classes of Preference Shares.
All Applications should be submitted electronically via JMMB’s Moneyline™ platform by
logging on to the following websites: JMMB clients may log on at
https://moneyline.jmmb.com/personal/login.php while non-JMMB clients can access the
platform at https://moneylineipo.jmmb.com. Allocations may be on a prorated basis, per
category of Preference Shares, 21 days after the Invitation is closed, and an announcement
will be made informing of the allocation of Shares to successful applicants. The two (2)
classes available in the offering are as follows:
The minimum subscription for each class is as follows: 500 JMD Preference Shares for Class
H and 50 USD Preference Shares for Class I.
The funds raised through the Perpetual Share Offering will be strategically invested into
expanding SCI’s private credit portfolio through financing an over US$100 million dollar
investment pipeline, primarily in the Jamaican market. In addition, funds will be used to
optimise SCI’s capital structure by achieving a more balanced mix of debt and equity capital,
aligning with best-in-class private credit firms globally. SCI is dedicated to empowering the
growth of medium-sized firms across the region by offering access to innovative financing
solutions.
SCI intends to list the Preference Shares, which will be converted into Preference Stock Units
upon issuance, on the Jamaica Stock Exchange following the close of the Offer. Sygnus Capital
is the lead arranger, and Jamaica Money Market Brokers (JMMB) Securities Limited is the lead
broker.
https://www.jamaicaobserver.com/2024/11/22/sygnus-credit-seeks-4-35-billion-latest-capital-raise/
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About Sygnus
Sygnus is a leading alternative investment firm in the Caribbean and Latin America, dedicated to driving economic development across the region through creative and innovative financing solutions. By offering a range of investment alternatives, including private credit, real estate financing, and private equity, Sygnus addresses unmet demands, unlocking capital for growing enterprises and playing a pivotal role in regional economic growth. The cutting-edge alternative investment (AI) platform is fueled by transformative strategies designed to accelerate development across the Caribbean and Latin America. This platform is backed by a team of forward-thinking experts who craft tailored solutions for our clients, complemented by dedicated investment banking and wealth management services. Sygnus also provides specialised services in Puerto Rico through Sygnus Capital PR LLC, formerly known as Acrecent Financial. As of December 2023, the company expanded its offerings, reaffirming its commitment to delivering innovative and personalised financing solutions that foster the island’s economic growth.
