Capital Markets

Fairstone Financial Inc. in connection with its US$300 million note offering

Fairstone Financial Inc.
Expertise
Capital Markets
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Jason Comerford

Partner, Corporate, New York

Jeremy Brisset

Partner, Corporate, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal

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).

Value
US$300 million
Date Closed
July 2, 2019
Lead Office
Montreal
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Jason Comerford

Partner, Corporate, New York

Jeremy Brisset

Partner, Corporate, Montréal

Etienne Massicotte

Partner, Financial Services, Montréal