Fairfax Financial to redeem senior notes

Fairfax Financial Holdings Ltd. has announced the early redemption of all of its outstanding 5.84% senior notes due Oct. 14, 2022, and 4.50% senior notes due March 22, 2023.

The 2022 notes will be redeemed at a price of 106.999% of the principal amount, plus any accrued and unpaid interest. Currently, there is C$446 million principal amount of the notes outstanding.

The redemption price of the 2023 notes is 106.456% of the principal amount, plus any accrued and unpaid interest. The principal amount of the 2023 notes outstanding is C$400 million.

BNY Trust Co. of Canada serves as the Canadian trustee.