Fairfax

AHC Inc. Partners with Virginia Housing and Fairfax County to Preserve 229 Affordable Homes

Retrieved on: 
Wednesday, March 3, 2021

The acquisition was made in partnership with Virginia Housing and Fairfax County to fulfill their goal of providing safe, affordable homes for the residents of Fairfax County.

Key Points: 
  • The acquisition was made in partnership with Virginia Housing and Fairfax County to fulfill their goal of providing safe, affordable homes for the residents of Fairfax County.
  • "Virginia Housing remains focused on working with our partners to increase the amount of quality affordable housing available to our citizens, especially in Northern Virginia.
  • AHC Inc. financed the properties with loans from both Virginia Housing and Fairfax County, as well as an AHC Loan.
  • "We are excited to partner with both Virginia Housing and Fairfax County to help address the ongoing affordable housing crisis in our state," said AHC Inc. VP of Multifamily Development, John Welsh.

Fairfax Announces Pricing of Senior Notes Offering

Retrieved on: 
Monday, March 1, 2021

TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$600,000,000 of Fairfaxs Senior Notes due 2031 (the Notes) at an issue price of 99.865%.

Key Points: 
  • TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$600,000,000 of Fairfaxs Senior Notes due 2031 (the Notes) at an issue price of 99.865%.
  • The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.375% per annum.
  • This may include the redemption or repurchase of certain previously issued senior unsecured notes and/or other debt securities of Fairfax and its subsidiaries.
  • Such forward-looking information may include, among other things, the intended use of net proceeds from the offering of Notes and the anticipated completion of the offering of Notes.

Thompson Hospitality Founder and CEO to Get Spotlight at Fairfax County EDA’s March 2 Entrepreneurship Workshop

Retrieved on: 
Monday, March 1, 2021

Aspiring entrepreneurs can get start-up advice from Warren Thompson , founder, president and CEO of Thompson Hospitality during the Fairfax County Economic Development Authoritys next Entrepreneurship 101 virtual workshop on Tuesday, March 2.

Key Points: 
  • Aspiring entrepreneurs can get start-up advice from Warren Thompson , founder, president and CEO of Thompson Hospitality during the Fairfax County Economic Development Authoritys next Entrepreneurship 101 virtual workshop on Tuesday, March 2.
  • We thank Warren Thompson for sharing his entrepreneurial journey with prospective Fairfax County business owners, said Victor Hoskins, president and CEO of the Fairfax County EDA.
  • Mr. Thompson is a true Fairfax County business luminary and an inspiration to all aspiring business owners and those who want to start their path in business.
  • The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center.

Fairfax India Completes US$500 Million Senior Notes Offering

Retrieved on: 
Friday, February 26, 2021

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) has completed its previously announced offering of US$500 million in aggregate principal amount of 5.000% Senior Notes due 2028 (the Notes).
  • Fairfax India intends to use the net proceeds from this offering to repay most of the indebtedness currently outstanding under its secured term loan facility.
  • Any offers of the Notes have been made only by means of a private offering memorandum.
  • Fairfax Financial Holdings Limited (Fairfax Financial), directly or indirectly, acquired approximately $58.4 million aggregate principal amount of the Notes (representing approximately 11.7% of the Notes), which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).

Information Analysis Inc Releases 2020 Results

Retrieved on: 
Wednesday, February 17, 2021

FAIRFAX, Va., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today released its results for its fourth quarter and year ended December 31, 2020.

Key Points: 
  • FAIRFAX, Va., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today released its results for its fourth quarter and year ended December 31, 2020.
  • Net income was $413,000 in 2020 versus a net loss of ($717,000) in 2019, a difference of $1,130,000.
  • The improvement in 2020 was primarily attributable to our performance in the fourth quarter of 2020.
  • Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology product and services company.

Fairfax County Is Home to The Most Innovative Businesses in the US: BidExecs

Retrieved on: 
Wednesday, February 3, 2021

FAIRFAX COUNTY, Va., Feb. 3, 2021 /PRNewswire/ -- Fairfax County-based BidExecs , a ProposalHelper company, is the first and only service provider to launch a global franchise in the bid and proposal industry.

Key Points: 
  • FAIRFAX COUNTY, Va., Feb. 3, 2021 /PRNewswire/ -- Fairfax County-based BidExecs , a ProposalHelper company, is the first and only service provider to launch a global franchise in the bid and proposal industry.
  • Through BidExecs, businesses of all sizes will now have access to vast wealth of resources at extremely affordable prices.
  • The resources and support offered by the county stems innovation across some really unexpected arenas BidExecs is a classic example.
  • BidExecs Franchising LLC is independent and privately held company located in Fairfax County, Virginia.

Fairfax Announces Conference Call

Retrieved on: 
Tuesday, February 2, 2021

The call, consisting of a presentation by the company followed by a question period, may be accessed at (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode FAIRFAX.

Key Points: 
  • The call, consisting of a presentation by the company followed by a question period, may be accessed at (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode FAIRFAX.
  • A replay of the call will be available from shortly after the termination of the call until 5:00 p.m. Eastern Time on Friday, February 26, 2021.
  • The replay may be accessed at (800) 759-4964 (Canada and U.S.) or 1 (203) 369-3596 (International).
  • Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

Information Analysis Inc Announces New Chairman of its Board of Directors

Retrieved on: 
Tuesday, January 26, 2021

FAIRFAX, Va., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced that the Board of Directors unanimously elected Mark T. Krial as chairman of its board of directors.

Key Points: 
  • FAIRFAX, Va., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced that the Board of Directors unanimously elected Mark T. Krial as chairman of its board of directors.
  • Marks leadership in the industry and his knowledge of the company will be instrumental in helping IAI progress toward our strategic vision.
  • Prior to that, he served as president of Cornell Technical Services, an information technology firm, for 15 years.
  • Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology product and services company.

Helios Fairfax Partners Announces Portfolio Insurance Arrangement With Fairfax Financial Holdings Limited

Retrieved on: 
Thursday, January 21, 2021

TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) (HFP) announces that it has agreed to enter into a portfolio insurance arrangement with Fairfax Financial Holdings Corporation (Fairfax) pursuant to the terms of a binding term sheet.

Key Points: 
  • TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) (HFP) announces that it has agreed to enter into a portfolio insurance arrangement with Fairfax Financial Holdings Corporation (Fairfax) pursuant to the terms of a binding term sheet.
  • The portfolio insurance arrangement will provide HFP with stability regarding any price fluctuations regarding the Reference Investments (as defined below) and with $100 million of investment proceeds which can be used by HFP for additional investments in Africa.
  • Under the terms of the transaction, Fairfax will subscribe for 3.0% unsecured debentures of HFP (the Debentures) on a private placement basis for an aggregate subscription price of US$100 million (the Principal Amount).
  • In addition, Fairfax will subscribe for 3 million warrants of HFP, allowing Fairfax to purchase HFP subordinate voting shares (SVS) at an exercise price of US$4.90.

Information Analysis Incorporated Upgrades Listing to OTCQB

Retrieved on: 
Tuesday, January 19, 2021

FAIRFAX, Va., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced its shares of common stock were approved for listing on OTC Markets Group Inc.'s OTCQB Venture Market ("OTCQB").

Key Points: 
  • FAIRFAX, Va., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (OTCQB: IAIC) today announced its shares of common stock were approved for listing on OTC Markets Group Inc.'s OTCQB Venture Market ("OTCQB").
  • OTCQB is a venture market operated by the OTC Markets Group, Inc. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process.
  • Upgrading our listing by moving to the OTCQB is intended to make trading our shares more efficient and broaden our exposure to a greater base of shareholders, said Matt Sands, Acting Principal Financial Officer of Information Analysis.
  • Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology product and services company.