First National Announces $200 Million Notes Offering

First National Financial (TSE:FN) has released an update.

First National Financial Corporation has announced a private placement to issue $200 million in senior unsecured notes with a 6.261% interest rate, maturing in November 2027. The proceeds will fund a loan to its subsidiary, which will be used to repay bank credit facility debts and for general purposes. The offering, led by a syndicate of prominent dealers, is set to close on April 1, 2024.

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