Fairfax Financial completes C$194 million preferred share offering
Torys acted as counsel to Fairfax Financial with a team that included David Chaikof, Adam Armstrong, Thomas Yeo, Graham Erion, Alison Harnick, Robbie Leibel, Catrina Card, Raymond Archer and Jim Welkoff.
On February 1, 2010, Fairfax Financial Holdings Limited (Fairfax) completed its previously announced public offering of Cumulative 5-Year Rate Reset Preferred Shares, Series E in Canada. Fairfax issued 8 million Series E Preferred Shares for net proceeds of approximately C$194 million.
The Series E Preferred Shares were sold through a syndicate of Canadian underwriters led by BMO Capital Markets that included CIBC World Markets, RBC Capital Markets, Scotia Capital, TD Securities, National Bank Financial, GMP Securities, Cormark Securities, Desjardins Securities and HSBC Securities.
Further information is found on Fairfax's website.