Fairfax County, Virginia

Fairfax Announces Pricing of Senior Notes Offering

Retrieved on: 
Monday, March 1, 2021
Debt, Finance, Stock market, Senior debt, FFH, Fairfax County, Virginia, Security, Fairfax Financial, Fairfax

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
Human resources, Professional services, Small business, Restaurant, Bar, Food, Beverage, Lodging, Vacation, Destinations, Retail, Travel, Washington metropolitan area, Geography of Virginia, Fairfax County Economic Development Authority, Local government in Virginia, Fairfax County, Virginia, Fairfax, Virginia, Fairfax, Virginia, Geography of the United States

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 Completes C$850 Million Senior Notes Offering

Retrieved on: 
Monday, March 1, 2021
Debt, Fairfax County, Virginia, Washington metropolitan area, Fairfax Financial, Senior debt, Accrual, Finance, Business

TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of C$850 million in aggregate principal amount of 3.95% Senior Notes due 2031 (the Offering).

Key Points: 
  • TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of C$850 million in aggregate principal amount of 3.95% Senior Notes due 2031 (the Offering).
  • The Senior Notes were offered through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets, as joint bookrunners.
  • The Senior Notes are unsecured obligations of Fairfax and pay a fixed rate of interest of 3.95% per annum.
  • Fairfax will use the net proceeds of the Offering to redeem in full on March 28, 2021 (i) the C$446 million outstanding principal amount of Fairfaxs 5.84% senior notes due October 14, 2022 plus accrued and unpaid interest and (ii) the C$400 million outstanding principal amount of Fairfaxs 4.50% senior notes due March 22, 2023 plus accrued and unpaid interest, as previously announced.

Fairfax India Completes US$500 Million Senior Notes Offering

Retrieved on: 
Friday, February 26, 2021
Washington metropolitan area, Geography of Virginia, Fairfax Financial, Fairfax County, Virginia, Fairfax, Geography of the United States

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).

Fairfax India Announces Pricing of Senior Notes Offering

Retrieved on: 
Thursday, February 25, 2021
Loans, Notary, Fairfax County, Virginia, Senior debt

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
    Fairfax India Holdings Corporation (Fairfax India or the Company) (TSX: FIH.U) announces that it has priced a private offering of US$500,000,000 of senior notes due 2028 (the Notes) at an issue price of 100%.
  • The Notes will be unsecured obligations of Fairfax India and will pay a fixed rate of interest of 5.000% per annum.
  • 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.
  • The offering is expected to close on or about February 26, 2021, subject to the satisfaction of customary conditions.

Fairfax Launches C$850 Million Senior Notes Offering

Retrieved on: 
Wednesday, February 24, 2021
Fairfax County, Virginia, Washington metropolitan area, Fairfax Financial, Financial market

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it will issue C$850 million in aggregate principal amount of Senior Notes due 2031 (the Offering) in a public offering to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets as joint bookrunners.

Key Points: 
  • TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it will issue C$850 million in aggregate principal amount of Senior Notes due 2031 (the Offering) in a public offering to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets as joint bookrunners.
  • The Senior Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.95% per annum.
  • Fairfax intends to use the net proceeds of the Offering to redeem (i) the C$450 million outstanding principal amount of Fairfaxs 5.84% senior notes due 2022 (plus accrued and unpaid interest thereon and the applicable premium) (the 2022 Notes) and (ii) the C$400 million outstanding principal amount of Fairfaxs 4.50% senior notes due 2023 (plus accrued and unpaid interest thereon and the applicable premium) (the 2023 Notes).
  • Except for the redemption of the 2022 Notes and the 2023 Notes, 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.

Information Analysis Inc Releases 2020 Results

Retrieved on: 
Wednesday, February 17, 2021
Washington metropolitan area, Regions of the United States, Geography of the United States, Geography of Virginia, Fairfax County, Virginia, Fairfax, Virginia, Virginia, BlackBerry Limited

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.

Covanta Fairfax Recognized as Best Large Business of The Year

Retrieved on: 
Thursday, February 11, 2021
Washington metropolitan area, Geography of Virginia, Covanta, Lorton, Virginia, Fairfax County, Virginia, Geography of the United States, Lorton station, Fairfax, Virginia

LORTON, Va., Feb. 11, 2021 /PRNewswire/ --Covanta Fairfax, the owner and operator of the waste-to-energy facility in Lorton, Virginia, recently received the Mount Vernon Lee Chamber of Commerce's Best Large Business of The Year Award.

Key Points: 
  • LORTON, Va., Feb. 11, 2021 /PRNewswire/ --Covanta Fairfax, the owner and operator of the waste-to-energy facility in Lorton, Virginia, recently received the Mount Vernon Lee Chamber of Commerce's Best Large Business of The Year Award.
  • The award is presented annually to one local business that has gone above and beyond in its business practices and embodies the values of the Chamber.
  • For over 30 years, Covanta Fairfax has served the more than 900,000 residents and businesses in Fairfax County, VA with reliable and sustainable waste management.
  • "Covanta is honored to receive this recognition from the Mount Vernon Lee Chamber of Commerce," said Don Cammarata, Area Asset Manager at Covanta.

Fairfax Announces Conference Call

Retrieved on: 
Tuesday, February 2, 2021
Washington metropolitan area, Geography of Virginia, Fairfax, Virginia, Fairfax County, Virginia, Reinsurance, Fairfax, Geography of the United States

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.

Healthcare-Focused IT Firm Kreative Technologies Expansion to Create 296 New Jobs in Fairfax County

Retrieved on: 
Tuesday, February 2, 2021
Professional services, Data management, Technology, Human resources, Software, Networks, Internet, Washington metropolitan area, Geography of Virginia, Metropolitan areas of the United States, Baltimore–Washington metropolitan area, Fairfax County, Virginia, Prince William County, Virginia, Fairfax County Economic Development Authority, Manassas, Virginia, Northern Virginia, Monticello Freeway

Ralph Northam announced today that Kreative Technologies, LLC , a leader in information systems for the federal healthcare industry, will invest $1.5 million to expand its operation at 4114 Legato Road in Fairfax County.

Key Points: 
  • Ralph Northam announced today that Kreative Technologies, LLC , a leader in information systems for the federal healthcare industry, will invest $1.5 million to expand its operation at 4114 Legato Road in Fairfax County.
  • The company will more than quadruple its current workforce of 67 with the creation of 296 new jobs.
  • The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center.
  • Other members: Alexandria Economic Development Partnership, Arlington County, City of Fairfax, City of Falls Church, Fauquier County, Loudoun County, City of Manassas, City of Manassas Park and the Prince William County Department of Economic Development.