New Issue: Fairfax Financial prices C$650 million 4.25% 10-year notes at 99.992

By Cristal Cody

Tupelo, Miss., Nov. 28 – Fairfax Financial Holdings Ltd. priced C$650 million of 4.25% 10-year senior notes (Baa3/BBB-//DBRS: BBB) at 99.992 on Tuesday, according to a company news release.

BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. were the bookrunners.

The company plans to use the proceeds to refinance or repay outstanding debt or other corporate obligations of Fairfax and its subsidiaries and for general corporate purposes.

Fairfax Financial is a Toronto-based holding company for subsidiaries in the property and casualty insurance business.

Issuer:	Fairfax Financial Holdings Ltd.
Amount:	C$650 million
Maturity:	2027
Securities:	Senior notes
Bookrunners:	BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc.
Co-managers:	CIBC World Markets Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Citigroup Global Markets Canada Inc. and Desjardins Securities Inc.
Coupon:	4.25%
Price:	99.992
Pricing date:	Nov. 28
Ratings:	Moody’s: Baa3
	S&P: BBB-
	DBRS: BBB
Distribution:	Canada

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