Intact Financial Corporation completes $250M note offering

On March 1, 2016, Intact Financial Corporation (the Company) completed an issuance of $250 million principal amount of Series 6 medium term notes (the Notes). The Notes were offered by way of a pricing supplement to the Company’s existing base shelf prospectus and prospectus supplement, on a best efforts basis through a syndicate of dealers co-led by TD Securities Inc. and CIBC World Markets Inc. and including Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc. and Casgrain & Company Limited (collectively, the Dealers). The Notes are direct unsecured obligations of the Company and rank equally with all other unsecured and unsubordinated indebtedness of the Company. The Notes bear interest at a fixed annual rate of 3.77 per cent until maturity on March 2, 2026. Net proceeds of the offering will be used for general corporate purposes.

The Notes have been given a rating of A with a stable trend by DBRS Limited, a rating of Baa1 with a positive outlook by Moody’s Investors Service, Inc. and a rating of A- by Fitch Ratings Inc.

Intact Financial Corporation was represented by an in-house legal team led by Frédéric Cotnoir and Danistan Saverimuthu, and including Caroline Bousquet-Racine.

Fasken Martineau DuMoulin LLP acted as external counsel to the Company with a team led by John Sabetti (corporate/securities) and including Justine Connors (corporate/securities) and Mitchell Thaw (tax).

McCarthy Tétrault LLP acted as counsel to the Dealers with a team led by Andrew Parker and including Fraser Bourne, Mark McEwan and Suraj Rammohan (corporate/securities) and Ryan Rabinovitch (tax).


Frédéric Cotnoir Mitchell L. Thaw Andrew C. Parker