Intact Financial prices $500M private offering of senior notes

  • 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.

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