Fairfax Completes C$300 Million Senior Notes Offering

Executive Summary

• Fairfax Financial Holdings Limited has completed the offering of C$300 million in aggregate principal amount of its 4.40% Senior Notes due 2036.
• The new issuance brings the total outstanding principal for this specific series of notes to C$700 million, following a prior C$400 million issuance.
• Net proceeds will be allocated for general corporate purposes, including potential debt refinancing, repayment, or funding for acquisitions and investments.

Key Details

• Offering Size & Terms: C$300 million aggregate principal amount of 4.40% Senior Notes due 2036.
• Total Outstanding: C$700 million aggregate principal amount for this series (C$400 million previously issued + C$300 million newly issued).
• Security Structure: Unsecured obligations of Fairfax Financial Holdings Limited.
• Underwriting Syndicate: Led by BMO Nesbitt Burns Inc. as sole bookrunner, with Scotia Capital Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Citigroup Global Markets Canada Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., Mizuho Securities Canada Inc., and Morgan Stanley Limited as agents.
• Use of Proceeds: General corporate purposes, which may include refinancing, repayment, or redemption of outstanding debt, equity, or other corporate obligations, and/or pursuing potential acquisition or investment opportunities.
• Distribution Restrictions: Not for distribution to U.S. news wire services or dissemination in the United States; securities not registered under the U.S. Securities Act of 1933.