Fairfax Completes US$750,000,000 Senior Notes Offering

Executive Summary

• Fairfax Financial Holdings Limited has completed the previously announced private offering of US$750,000,000 in aggregate principal amount of 6.200% senior notes due 2056.
• The company intends to utilize the net proceeds from the offering for general corporate purposes.
• The transaction was executed via private placement under Rule 144A and Regulation S, with a customary registration rights agreement entered into upon closing.

Key Details

• Aggregate Principal Amount: US$750,000,000
• Interest Rate: 6.200%
• Maturity Date: 2056
• Instrument Type: Senior Notes
• Use of Proceeds: General corporate purposes
• Offering Structure: Private placement to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons in offshore transactions pursuant to Regulation S
• Registration & Transfer Restrictions: Notes are unregistered under the U.S. Securities Act of 1933 and not qualified for sale in Canada; may not be offered/sold in the U.S. or Canada without registration or applicable exemption
• Ancillary Agreements: Fairfax entered into a customary registration rights agreement in connection with the closing
• Company Profile: Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) is a holding company primarily engaged in property and casualty insurance, reinsurance, and associated investment management through its subsidiaries