An announcement from Intact Financial Corporation ( (TSE:IFC) ) is now available.
Intact Financial Corporation has announced a $300 million private placement of Series 16 unsecured medium-term notes to accredited investors in Canada. The notes, which will bear interest at a fixed annual rate of 4.645% until 2055, are intended to refinance the company’s outstanding $300 million Series 8 notes due in March 2025. This strategic financial move is expected to enhance Intact’s debt management and operational flexibility.
More about Intact Financial Corporation
Intact Financial Corporation is the largest provider of Property and Casualty (P&C) insurance in Canada and a leading Specialty lines insurer with international expertise. It is also a leader in Commercial lines in the UK and Ireland, with almost $24 billion in total annual operating direct premiums written. In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its wholly-owned subsidiary BrokerLink.
YTD Price Performance: 7.83%
Average Trading Volume: 260,612
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$50.57B
Learn more about IFC stock on TipRanks’ Stock Analysis page.