Fairfax Financial Holdings' C$450 Million Senior Notes Due 2034 And C$250 Million Senior Notes Due 2054 Rated 'BBB+'

NEW YORK (S&P Global Ratings) Nov. 20, 2024--S&P Global Ratings today assigned its 'BBB+' issue rating to Fairfax Financial Holdings Ltd.'s (BBB+/Positive/--) 4.73%, C$450 million senior unsecured notes due 2034 and 5.23%, C$250 million senior unsecured notes due 2054. The company plans to allocate the net proceeds primarily to redeem, either fully or partially, one or more series of its outstanding preferred shares. This decision is driven by economic reasons and will be executed in accordance with the applicable terms. Any remaining proceeds will be used for general corporate purposes. The notes will be Fairfax's direct, unsecured obligations and rank equally and ratably with all the company's other unsecured and unsubordinated debt. The notes will also be structurally subordinated to

...November 20, 2024 NEW YORK (S&P Global Ratings) Nov. 20, 2024--S&P Global Ratings today assigned its '###+' issue rating to Fairfax Financial Holdings Ltd.'s (###+/Positive/--) 4.73%, C$450 million senior unsecured notes due 2034 and 5.23%, C$250 million senior unsecured notes due 2054. The company plans to allocate the net proceeds primarily to redeem, either fully or partially, one or more series of its outstanding preferred shares. This decision is driven by economic reasons and will be executed in accordance with the applicable terms. Any remaining proceeds will be used for general corporate purposes. The notes will be Fairfax's direct, unsecured obligations and rank equally and ratably with all the company's other unsecured and unsubordinated debt. The notes will also be structurally subordinated to all obligations of Fairfax's subsidiaries. In addition, the notes will be effectively subordinated to any of Fairfax's future secured debt to the extent of the assets securing such indebtedness....

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