Fairfax India closes $550 million term loan, $50 million revolver

By Wendy Van Sickle

Columbus, Ohio, June 28 – Fairfax India Holdings Corp. said it completed a $550 million secured term loan facility with a syndicate of Canadian banks.

The loan amends, restates and replaces the company’s existing $550 million secured term loan, according to a news release.

Fairfax India also completed a $50 million secured revolving credit facility with a Canadian bank.

Each of the term loan facility and revolver has a one-year term, with an option to be extended for an additional year.

Fairfax Financial Holdings is a financial services holding company based in Toronto.

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