Mr. John Varnell reports
FAIRFAX INDIA AMENDS CREDIT AGREEMENT
Fairfax India Holdings Corp. has amended its existing credit agreement with a syndicate of lenders to, among other things: (i) increase the borrowing limit of its revolving credit facility from $175-million to $200-million, with an option to further increase the facility by an additional $20-million (not taking into account the previously announced temporary increase of $75-million to the revolving facility in connection with the issuance of a letter of credit); and (ii) extend the maturity date from Oct. 2, 2026, to Nov. 13, 2028, with an option to extend for an additional year. All other material terms of the credit agreement remain unchanged. (Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted.)
At Sept. 30, 2025, the company had drawn $79-million under its revolving facility and had $76.5-million in a letter of credit issued and outstanding, resulting in $69.5-million being available under the revolving facility.
About Fairfax India Holdings Corp.
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.
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