On July 2, 2019, Fairstone Financial Inc. announced the completion of its US$300 million senior note offering and a simultaneous cross-currency swap to Canadian dollars to cover its currency risk on the US denominated Notes. Fairstone intends to use the net proceeds from the Notes to repay a secured loan facility and for general corporate purposes.
Fairstone Financial is Canada’s leading non-bank provider of responsible lending solutions for near-prime borrowers and non-prime borrowers. Fairstone is located across Canada with over 235 branches.
Osler, Hoskin & Harcourt LLP advised Fairstone Financial Inc. with a team consisting of François Paradis, Jason Comerford, Jeremy Brisset, Jie Chai, Mary Opolko (Corporate), Etienne Massicotte (Banking and Financial Services).
Key Contact
Partner, Corporate, Montréal
Team
Partner, Corporate, New York
Partner, Corporate, Montréal
Partner, Financial Services, Montréal