Fairfax Completes US$900,000,000 Senior Notes Offering

Core Viewpoint - Fairfax Financial Holdings Limited has successfully completed a private offering of US$500 million in 5.750% senior notes due 2035 and US$400 million in 6.500% senior notes due 2055, totaling US$900 million in aggregate principal amount [1]. Group 1: Offering Details - The offering consists of two types of senior notes: US$500 million at 5.750% due in 2035 and US$400 million at 6.500% due in 2055 [1]. - The offering was conducted through a private placement to qualified institutional buyers and certain non-U.S. persons, adhering to Rule 144A and Regulation S under the U.S. Securities Act [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for refinancing, repaying, or redeeming outstanding debt, equity, or other corporate obligations of Fairfax and its subsidiaries [2]. - The proceeds may also be directed towards potential acquisition or investment opportunities, including minority interests in subsidiaries, and for general corporate purposes [2]. Group 3: Company Overview - Fairfax is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management through its subsidiaries [5].