Fairfax India completes US$500 million senior notes offering
On February 26, 2021, Fairfax India Holdings Corporation (“Fairfax India”) completed its previously announced private offering of US$500,000,000 of senior notes due 2028 at an issue price of 100%. The notes are unsecured obligations of Fairfax India and pay a fixed rate of interest of 5.000% per annum.
Fairfax India intends to use the net proceeds from the offering to repay most of the indebtedness currently outstanding under its secured term loan facility.
Further information can be found on Globe Newswire’s website.
Fairfax India is an investment holding company whose objective is to achieve long term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.