Fairfax Financial Holdings Limited announced on August 11, 2025, its intention to offer C$400 million in 4.45% senior notes due August 14, 2035, and C$300 million in 5.10% senior notes due August 16, 2055, for a total transaction value of C$700 million. The offering closed on August 14, 2025. Interest on the 2035 Notes will be payable semi-annually on February 14 and August 14, beginning February 14, 2026, while the 2055 Notes will pay interest on February 16 and August 16, starting February 16, 2026.

The 2035 Notes may be redeemed in whole or in part before May 14, 2035, at the greater of the Canada Yield Price or par, plus accrued interest, and at par thereafter. The 2055 Notes are redeemable before February 16, 2055, on the same basis, and at par thereafter. Both series are direct, unsecured obligations ranking equally with all other unsecured and unsubordinated debt of Fairfax.

The offering was led by National Bank Financial, RBC Dominion Securities, Scotia Capital, and TD Securities, with additional participation from BMO Nesbitt Burns, CIBC World Markets, Merrill Lynch Canada, Citigroup Global Markets Canada, Desjardins Securities, J.P. Morgan Securities Canada, Mizuho Securities Canada, and Morgan Stanley Canada. Legal counsel for Fairfax was Torys LLP, while Osler, Hoskin & Harcourt LLP advised the agents. Proceeds are intended for refinancing, acquisitions, and general corporate purposes.