Wei Ting Chang
- Fairfax Financial Insurance Company (TSX:FFH:CA) Later Tuesday the market announced that it had priced a $1 billion private offering of senior notes due 2054 at an issue price of 99.734%.
- The Notes will constitute unsecured obligations of Fairfax and will pay a fixed interest rate of 6.350% per annum.
- Fairfax Financial (FFH:CA) also intends to enter into a registration rights agreement in connection with the offering.
- Fairfax intends to use the net proceeds from this offering for general corporate purposes. The offering is expected to close on or about March 22, 2024.
- Source: press release