Canada's Fairfax India Closes US$550-million Term Loan

Toronto-headquartered Fairfax India Holdings Corp. has completed a US$550-million, one-year secured term loan, with an option to extend for an additional year, with a syndicate of Canadian banks. The loan amends, restates, and replaces Fairfax India’s existing US$400-million secured term loan. Fairfax India is an investment holding company investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses working in or with India.

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