From Investing.com:

Fairfax Financial Holdings Limited plans to issue $200 million in senior notes to repay upcoming debt maturities. The 6% Senior Notes, due December 7, 2033, are priced at 100.998%, including accrued interest since the original issue date. The offering is set to close around January 12, 2024, subject to customary conditions. The notes will be available to qualified institutional buyers and certain non-U.S. persons, adhering to Rule 144A and Regulation S.

The new notes will be an extension of the original series, differing only in issue date and price. Proceeds, including a portion from the original notes, will be used to address outstanding indebtedness. Specific details regarding the debt repayments have not been disclosed. The notes have not been registered for public sale in the United States or Canada.

Fairfax, a holding company primarily engaged in property and casualty insurance, reinsurance, and investment management, has not registered the notes for public sale in the United States or Canada. The offering targets qualified institutional buyers and certain non-U.S. persons, adhering to Rule 144A and Regulation S. These notes are not directly available in Canada except through specific exemptions.



Read more: Fairfax prices $200M senior notes to repay debt By Investing.com