Fairfax Launches C$450 Million Senior Notes Offering

[ourkid8]

http://www.fairfax.ca/news/press-releases/press-release-details/2016/Fairfax-Launches-C450-Million-Senior-Notes-Offering/default.aspx

 

Preparing for an acquisition? Hmmm...

[StubbleJumper]

I hope it's not for an acquisition, with the market being what it is.  But they have found some obscure international insurance companies over the past few years that actually added up to big bucks.

 

What I hope they do with it is to use the proceeds to repay/buy-back some of that large slug of debt that comes due in 2021.  We're four years away from that event, but Prem has become very cautious about cash management after some of the challenges that they faced 13 or 14 years ago...

 

 

SJ

[TwoCitiesCapital]

I think we now have the answer.

 

https://www.bloomberg.com/news/articles/2016-12-19/fairfax-nears-deal-to-buy-allied-world-for-4-9-billion