Intact Financial Corporation completes C$300M offering of Series 8 Medium Term Notes
March 24, 2020
300.00 Million CAD
On March 24, 2020, Intact Financial Corporation closed its previously announced offering of $300 million aggregate principal amount of Series 8 3.691% unsecured medium term notes, due March 24, 2025. Intact intends to use the net proceeds of the offering for general corporate purposes.
The offering was conducted on a best efforts basis through a syndicate of dealers co-led by CIBC World Markets Inc. and TD Securities Inc., and including BMO Nesbitt Burns Inc., National Bank Financial
Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and Casgrain & Company Limited.
Based in Toronto, Intact Financial Corporation is the largest provider of property and casualty insurance in Canada and a leading provider of speciality insurance in North America.
McCarthy Tétrault LLP advised the dealers with a team led by Andrew Parker that included Fraser Bourne, Loïc Sanscartier, and Karl Bherer.