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Fairfax Announces Repayment of GFIC Loan Note
//business-finance.news-articles.net/content/201 .. irfax-announces-repayment-of-gfic-loan-note.html
Published in Business and Finance on Thursday, October 18th 2012 at 14:16 GMT by Market Wire
Published in Business and Finance on Thursday, October 18th 2012 at 14:16 GMT by Market Wire

October 18, 2012 17:02 ET
Fairfax Announces Repayment of GFIC Loan Note
TORONTO, ONTARIO--(Marketwire - Oct. 18, 2012) -
(Note: All dollar amounts in this press release are expressed in US dollars.)
Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announces that TIG Insurance Company, a runoff subsidiary of Fairfax, has today agreed with the holder of the loan note issued by TIG in connection with its acquisition of General Fidelity Insurance Company in February 2011 to pay $200 million in full and final satisfaction of that loan note. It is expected that that payment will be made on or before November 9, 2012.
Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
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