07:11 AM EDT, 05/16/2025 (MT Newswires) -- Fairfax Financial ( FRFHF ) overnight Thursday said it priced a private offering of US$500 million of senior notes due 2035 at 99.632% and US$400 million of senior notes due 2055 at 99.725%.

The company said the 2035 notes will bear a fixed interest rate of 5.75% per annum and 2055 notes will have a fixed interest rate of 6.50% per annum.

The company plans to use the net proceeds of the offering to refinance, repay or redeem outstanding debt, equity or other corporate obligations of Fairfax and its subsidiaries, to pursue potential acquisition or investment opportunities, which may include acquisitions of minority interests in its subsidiaries, and for general corporate purposes.

Fairfax said it also intends to enter into a registration rights agreement in connection with the offering and that it expects the offering to close on or about May 20, subject to the satisfaction of customary closing conditions.