Gibson Dunn has played a key role in representing the initial purchasers in Fairfax Financial Holdings Limited’s private offering of senior notes totaling $900 million. The transaction was led by major financial institutions including BofA Securities, Inc., Citigroup Global Markets, Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC, who acted as joint book-running managers.
The offering comprised two sets of notes: $500 million aggregate principal amount of 5.750% senior notes due in 2035, and $400 million aggregate principal amount of 6.500% senior notes due in 2055.
The legal team from Gibson Dunn was headed by partner Andrew Fabens and of counsel Rodrigo Surcan, with associates Malakeh Hijazi and Chad Kang contributing to the effort. Partner Jennifer Sabin provided advice on tax-related matters.
