This article provides a detailed overview of applicable or pending legislation related to forced labor in supply chains followed by practical suggestions to move companies to timely compliance with these requirements.
Corporate Obligations to Address Forced Labor in Supply Chains Relevant to You? International organizations like the International Labor Organization, the Organization.
Not for distribution to U.S. news wire services or for dissemination in the United States. TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it will issue C$850 million in aggregate principal amount of Senior Notes due 2031 (the “Offering”) in a public offering to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets as joint bookrunners. The Senior Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.95% per annum. Fairfax intends to use the net proceeds of the Offering to redeem (i) the C$450 million outstanding principal amount of Fairfax’s 5.84% senior notes due 2022 (plus accrued and unpaid interest thereon and the applicable premium) (the “2022 Notes”) and (ii) the C$400 million outstanding principal amount of Fairfax’s 4.50% senior notes due 2023 (plus accrued and unpaid inter