Fairfax Announces Pricing of Senior Notes Offering
TORONTO, April 24, 2020 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$650,000,000 of Fairfaxs Senior Notes due 2030 (the Notes) at an issue price of 100%.
- TORONTO, April 24, 2020 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$650,000,000 of Fairfaxs Senior Notes due 2030 (the Notes) at an issue price of 100%.
- Fairfax intends to use a portion of the net proceeds from this offering to repay indebtedness under its unsecured revolving credit facility.
- Any repurchase of senior notes will be subject to market conditions, and there can be no assurance that senior notes will be available for repurchase on terms acceptable to Fairfax.
- 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.