Fairfax India Extends $175 Million Revolving Credit Facility
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
(Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted).
TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation ("Fairfax India") (TSX: FIH.U) announces that it has amended its existing credit agreement with a syndicate of lenders to extend the maturity date of its $175 million unsecured revolving credit facility from December 17, 2024, to October 2, 2026, with an option to extend for an additional year. All other terms of the existing credit agreement remain unchanged.
About Fairfax India
Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.
Full year 2023 revenue of $90.9 million compared to $99.4 million in 2022, and $90.5 million compared to $86.7 million on a normalized basis, excluding one-time COVID mandates.Q4 2023 gross profit margin1 of 39.7% was relatively flat compared to Q3...
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against UnitedHealth Group Incorporated ("UnitedHealth Group" or "the Company") and certain...
Yiren Digital Ltd. ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended...
Exro Technologies Inc. (the "Company" or "Exro"), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is excited to provide its first update highlighting the...
Caribbean Utilities Company, Ltd. ("CUC" or "the Company") announced the closing of a US$80 million of Senior Unsecured Notes (the "Notes") consisting of US$40 million 6.17% Senior Unsecured Green Notes due May 15, 2039, US$10 million 6.37% Senior...
Daiso, the renowned global retail chain offering a wide range of affordable and unique products, is thrilled to announce the grand opening at Camp Bowie in Fort Worth, Texas on June 1st. "We are thrilled to open our store at Camp Bowie," said Jack...
