Fairfax India’s US$500 Million Senior Notes Offering

Torys LLP represented Fairfax India in connection with the offering.

On February 26, 2021, Fairfax India Holdings Corporation completed its previously announced private offering of US$500,000,000 of senior notes due 2028 at an issue price of 100%. The notes are unsecured obligations of Fairfax India and pay a fixed rate of interest of 5.000% per annum.

Fairfax India intends to use the net proceeds from the offering to repay most of the indebtedness currently outstanding under its secured term loan facility.

Fairfax India is an investment holding company whose objective is to achieve long term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.

The Torys team included Mile Kurta (Picture), Chris Bornhorst, David Chaikof, Robbie Leibel, Jonathan Weiner, Rayanna Smith, Kim Heessels and Winnie Hu (corporate/securities).

Involved fees earner: Chris Bornhorst – Torys LLP; David Chaikof – Torys LLP; Kimberly Heessels – Torys LLP; Winnie Hu – Torys LLP; Mile Kurta – Torys LLP; Robbie Leibel – Torys LLP; Rayanna Smith – Torys LLP; Jonathan Wiener – Torys LLP;

Law Firms: Torys LLP;

Clients: Fairfax Financial;

Author: Martina Bellini