Fairfax Financial’s C$700 Million Notes Offering

Fairfax Financial Holdings (TSE:FFH) has released an update.

Fairfax Financial Holdings has announced a C$700 million offering of senior notes, consisting of C$450 million due in 2034 and C$250 million due in 2054, intended to help redeem certain preferred shares and support general corporate purposes. The notes are priced close to their principal amounts and will offer fixed interest rates of 4.73% and 5.23%, respectively. The offering is expected to close around November 22, 2024, subject to usual conditions.

For further insights into TSE:FFH stock, check out TipRanks’ Stock Analysis page.