Intact Financial prices $500M private offering of senior notes
Sep. 15, 2022 5:49 PM ETIntact Financial Corporation (IFCZF), IFC:CAIFC:CABy: Jessica Kuruthukulangara, SA News Editor1 Comment
- Intact Financial (OTCPK:IFCZF) said Thursday it priced a $500M private offering of 5.459% senior unsecured notes due 2032.
- Net proceeds will be used to repay at maturity the entire outstanding aggregate principal amount of Intact U.S. Holdings' 4.6% senior notes due 2022.
- Remaining proceeds may be used for debt repayment and general corporate purposes.
- The offering is expected to close on Sept. 22.