Fairstone Financial Inc.

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

Client

Fairstone Financial Inc.

Value

US$300 million

Service

Capital Markets

Date Closed

July 2019

Lead Office

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).


Team
François Paradis
Key Contact

François Paradis

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Jeremy Brisset

Jeremy Brisset

Associate, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Mary Opolko

Mary Opolko

Associate, Corporate

Etienne  Massicotte

Etienne Massicotte

Partner, Financial Services