On June 14, 2019, Fairfax Financial Holdings Limited announced the closing of its $500 million offering of senior notes. The senior notes were offered through a syndicate of dealers led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., as joint bookrunners. Fairfax intends to use the net proceeds of the offering to repay outstanding debt and for general corporate purposes.
Fairfax is a financial holding company which, through its subsidiaries is engaged in property and casualty insurance and reinsurance and the associated investment management.
Osler, Hoskin & Harcourt LLP represented the agents with a team consisting of Trevor Scott, Desmond Lee, Meaghan McCune and Adam Bosma (Corporate) and Megan Young (Summer Law Student).