Financing ·
Fairfax completes C$650M senior notes offering, including 5.00% due 2037 and 5.65% due 2056
FAXRFFairfax Financial Holdings Ltd/ Can
Fairfax Financial Holdings Limited has completed a C$650 million senior notes offering consisting of C$350 million in aggregate principal amount of 5.00% Senior Notes due January 15, 2037, and C$300 million in aggregate principal amount of 5.65% Senior Notes due November 10, 2056. The notes are unsecured obligations payable semi-annually. Fairfax intends to use the net proceeds to refinance or repay outstanding debt, pursue potential acquisition or investment opportunities, and for general corporate purposes. Fairfax is a holding company primarily engaged in property and casualty insurance and reinsurance through its subsidiaries.