Author Topic: Fairfax Launches C$450 Million Senior Notes Offering  (Read 2572 times)



StubbleJumper

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1079
Re: Fairfax Launches C$450 Million Senior Notes Offering
« Reply #1 on: December 14, 2016, 06:26:32 AM »
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