Transaction|November 15, 2013
Fairfax's C$431 million bought deal offering
Torys acted as counsel to Fairfax Financial with a team that included David Chaikof, Thomas Yeo, Jessica Palter and Frazer House
On November 15, 2013, Fairfax Financial Holdings Limited (Fairfax) completed its previously announced public offering of 1,000,000 subordinate voting shares at a price of C$431.00 per share, for gross proceeds of C$431 million. As previously announced, on November 6, 2013, the subordinate voting shares were sold through a syndicate of underwriters, on a bought deal basis.
Fairfax intends to use the net proceeds of the offering to augment its cash position at the holding company and for general corporate purposes.
Fairfax Financial Holdings is a financial services holding company that is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
Further information can be found on Fairfax's website.
Fairfax intends to use the net proceeds of the offering to augment its cash position at the holding company and for general corporate purposes.
Fairfax Financial Holdings is a financial services holding company that is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
Further information can be found on Fairfax's website.