Fairfax India Amends Credit Agreement

Executive Summary

• Fairfax India Holdings Corp. amended its credit agreement to raise the revolving credit facility limit from $175 M to $200 M, with an optional additional $20 M increase.
• The maturity date of the facility was extended to November 13 2028, with a further one‑year extension option.
• As of September 30 2025, the company had drawn $79 M and held $76.5 M in letters of credit, leaving $69.5 M of undrawn capacity under the revised facility.

Key Details

• Revolving Facility Increase: Original limit $175 M → new limit $200 M; optional up‑turn to an additional $20 M.
• Maturity Extension: Prior maturity October 2 2026 → new maturity November 13 2028; one‑year extension option thereafter.
• Letter of Credit Provision: The amendment does not alter the existing temporary $75 M increase tied to a letter of credit.
• Current Utilization (as of 30 Sep 2025):
• Drawn amount: $79 M
• Outstanding letters of credit: $76.5 M
• Available undrawn capacity: $69.5 M
• Other Terms: All remaining material terms of the Credit Agreement remain unchanged.

Notable Quotes

(No executive quotes were included in the release.)