Fairfax completes senior notes offering
On March 3, 2021, Fairfax Financial Holdings Limited (“Fairfax”) completed its previously announced private offering of US$600,000,000 of senior notes due 2031 at an issue price of 99.865%. The notes are unsecured obligations of Fairfax and pay a fixed rate of interest of 3.375% per annum.
Fairfax intends to use the net proceeds from this offering to repay a portion of the indebtedness under its unsecured revolving credit facility and other outstanding debt of Fairfax and its subsidiaries. This may include the redemption or repurchase of certain previously issued senior unsecured notes and/or other debt securities of Fairfax and its subsidiaries.
Further information can be found on Globe Newswire’s website.
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.