Home Breadcrumb caret News Breadcrumb caret Industry Fairfax credit facility increased Toronto-based Fairfax Financial Holdings is increasing the syndicated secured revolving letter of credit facility it entered into late last year by US$150 million.The facility, which now stands at US$450 million, was entered into last December to provide letters of credit for reinsurance contracts written by Fairfax’s nSpire Re for the benefit of the company’s other […] By Canadian Underwriter, | May 26, 2004 | Last updated on October 30, 2024 1 min read Plus Icon Image Toronto-based Fairfax Financial Holdings is increasing the syndicated secured revolving letter of credit facility it entered into late last year by US$150 million.The facility, which now stands at US$450 million, was entered into last December to provide letters of credit for reinsurance contracts written by Fairfax’s nSpire Re for the benefit of the company’s other subsidiaries. Eleven banks are part of the syndicate. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
