By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – Intact Financial Corp. priced $500 million of 5.459% senior notes due 2032 in a private offering, according to a news release on Thursday.
Proceeds will be used to repay Intact U.S. Holdings, Inc.’s 4.6% senior notes due 2022. Remaining proceeds may be used to repay debt and for general corporate purposes.
Intact Financial is a Toronto-based provider of property and casualty insurance in Canada and a provider of specialty insurance in North America.
| Issuer: | Intact Financial Corp.
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | 2032
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| Coupon: | 5.459%
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| Announcement date: | Sept. 15
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| Settlement date: | Sept. 22
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