Chicago, Feb. 24 – Fairfax India Holdings Corp. sold $500 million of 5% senior notes due 2028 (DBRS: BBB(low)) at par on Wednesday, according to a press release.
Proceeds from the Rule 144A and Regulation S offering will be used to repay debt under the company’s term loan facility.
Fairfax Financial Holdings is a financial services holding company based in Toronto.
| Issuer: | Fairfax India Holdings Corp.
|
| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | 2028
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 26
|
| Ratings: | DBRS: BBB (low)
|
| S&P:
|
| Fitch:
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| Distribution: | Rule 144A and Regulation S
|
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