TORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH) announces that it intends to offer an additional C$300 million aggregate principal amount of its 4.40% Senior Notes due 2036 (the "Senior Notes") to be priced at C$98.991 per C$100 principal amount, plus accrued interest (the "Offering"). The Senior Notes will be offered through a syndicate of dealers to be led by BMO Nesbitt Burns Inc., as sole bookrunner, and including Scotia Capital Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Citigroup Global Markets Canada Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., Mizuho Securities Canada Inc. and Morgan Stanley Canada Limited, as agents. The Senior Notes will pay a fixed rate of interest of 4.40% per annum and will be unsecured obligations of Fairfax.
Fairfax currently has outstanding C$400 million aggregate principal amount of its 4.40% senior notes due 2036 (the "Original 2036 Notes"). The Senior Notes will have the same terms as the Original 2036 Notes, except for the issue date and offering price, and will form part of the same series as the Original 2036 Notes.
Fairfax intends to use the net proceeds from the Offering for general corporate purposes, which may include the refinancing, repayment or redemption of outstanding debt, equity or other corporate obligations of Fairfax and its subsidiaries and/or to pursue potential acquisition or investment opportunities. The Offering is expected to close on or about June 19, 2026, subject to the satisfaction of customary conditions.
The Senior Notes will be offered in all provinces and territories of Canada pursuant to Fairfax's base shelf prospectus dated November 3, 2025 (the "base shelf prospectus"), as supplemented by a prospectus supplement (the "shelf prospectus supplement") to be filed with the Canadian securities regulators in all of the provinces and territories of Canada. Access to the shelf prospectus supplement, the corresponding base shelf prospectus and any amendment to such documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The base shelf prospectus is accessible, and the shelf prospectus supplement will be accessible within two business days from the date hereof, through SEDAR+ at www.sedarplus.ca.
The Senior Notes are offered under the shelf prospectus supplement. An electronic or paper copy of the shelf prospectus supplement, the base shelf prospectus and any amendment to the documents may be obtained, without charge, from: BMO Nesbitt Burns Inc. at [email protected]; by providing the ...
