Intact Financial completes C$250 million offering of medium term notes

On February 27, 2026, Intact Financial Corporation ("Intact") announced the completion of its previously announced offering, by way of a private placement, of C$250 million aggregate principal amount of 3.784% Series 17 unsecured medium term notes due February 28, 2038.

The notes were offered on a best efforts basis through a syndicate co-led by TD Securities, CIBC Capital Markets and National Bank Financial Markets.

The notes are direct unsecured obligations of Intact and rank equally with all other unsecured and unsubordinated indebtedness of Intact. The notes bear interest at a fixed annual rate of 3.784% until February 28, 2033 and thereafter at a rate of 0.94% over daily compounded CORRA until their maturity on February 28, 2038.

Intact may redeem the notes in whole or in part, at its option, (i) on or after February 27, 2031 to, but excluding, December 28, 2032, on payment of a redemption price equal to the greater of (A) the Canada Yield Price (as defined in the supplemental indenture governing the medium term notes) and (B) par, and (ii) on or after December 28, 2032, on payment of a redemption price equal to par, together, in each case, with accrued and unpaid interest to, but excluding, the date of redemption.

Net proceed from the offering will be used by Intact to subscribe for shares of one or more subsidiaries of Intact and/or in order to repay all or a portion of any amounts previously borrowed and for general purposes.

Further information can be found on Canada Newswire’s website.

Intact Financial is the largest provider of property and casualty (P&C) insurance in Canada, a leading provider of global specialty insurance, and, with RSA, a leader in commercial lines in the U.K. and Ireland.