|By Marketwired .||
|August 6, 2014 10:15 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/06/14 -- Fairfax Financial Holdings Limited ("Fairfax") (TSX: FFH)(TSX: FFH.U) announced today that its wholly-owned subsidiary, Fairfax (US) Inc. (the "Issuer"), intends to offer, subject to market and other customary conditions, senior notes due 2024 (the "Notes"). The Notes will be guaranteed by Fairfax.
The Issuer intends to use the net proceeds from this offering to refinance certain notes and trust preferred securities issued by subsidiaries of Fairfax, and will use the remaining net proceeds to augment Fairfax's cash position, to increase short-term investments and marketable securities held by the Issuer, to retire other outstanding debt and corporate obligations from time to time, and for general corporate purposes.
The offering is being made solely by means of a private placement either to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or to certain persons in offshore transactions pursuant to Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes have not been and will not be qualified for sale under the securities laws of any province or territory of Canada and may not be offered or sold directly or indirectly in Canada or to or for the benefit of any resident of Canada except pursuant to applicable prospectus exemptions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum.
Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
Fairfax Financial Holdings Limited
Vice President, Corporate Development
(416) 367-4946 (FAX)
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Jun. 1, 2015 10:15 PM EDT Reads: 4,203
"We are the top stocking distributor for HP renew products in North America. We can only sell to U.S. authorized partners and resellers for HP," explained Miguel Diazdelcastillo Jr., Sales Executive at Creative Business Solutions, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 1, 2015 10:00 PM EDT Reads: 3,575
Jun. 1, 2015 09:45 PM EDT Reads: 596
Jun. 1, 2015 09:30 PM EDT Reads: 1,298
Jun. 1, 2015 09:15 PM EDT Reads: 3,373
Jun. 1, 2015 09:15 PM EDT Reads: 1,594
Jun. 1, 2015 09:15 PM EDT Reads: 549
Jun. 1, 2015 09:00 PM EDT Reads: 504
Jun. 1, 2015 08:15 PM EDT Reads: 4,012
Jun. 1, 2015 08:15 PM EDT Reads: 1,052
Jun. 1, 2015 08:00 PM EDT Reads: 4,503
Jun. 1, 2015 08:00 PM EDT Reads: 693
Jun. 1, 2015 07:30 PM EDT Reads: 1,683
Jun. 1, 2015 07:30 PM EDT Reads: 4,322
Jun. 1, 2015 07:30 PM EDT Reads: 1,924