ourkid8 Posted December 14, 2016 Share Posted December 14, 2016 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... Link to comment Share on other sites More sharing options...
StubbleJumper Posted December 14, 2016 Share Posted December 14, 2016 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 Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted December 19, 2016 Share Posted December 19, 2016 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 Link to comment Share on other sites More sharing options...
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