Fairfax Announces Pricing of Senior Notes Offering

Core Viewpoint - Fairfax Financial Holdings Limited has announced a private offering of senior notes totaling US$900 million, with the intention to refinance existing obligations and pursue potential acquisitions or investments [1][2]. Group 1: Offering Details - The offering includes US$500 million of senior notes due in 2035 with a fixed interest rate of 5.750% and US$400 million of senior notes due in 2055 with a fixed interest rate of 6.500% [1]. - The notes will be issued at an issue price of 99.632% for the 2035 Notes and 99.725% for the 2055 Notes [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to refinance, repay, or redeem outstanding debt, equity, or other corporate obligations, as well as to pursue potential acquisition or investment opportunities [2]. - Specific determinations regarding which obligations will be repaid or redeemed, and the timing or method of such actions, have not yet been made [2]. Group 3: Regulatory and Closing Information - The offering will be conducted as a private placement to qualified institutional buyers and certain non-U.S. persons, and the notes have not been registered under the U.S. Securities Act [4]. - The closing of the offering is expected on or about May 20, 2025, subject to customary closing conditions [3].