Shearman & Sterling represented Fairfax Financial Holdings Limited in connection with its private offering of $500 million aggregate principal amount of Senior Notes due 2016, which closed on May 9, 2011. Fairfax intends to use the proceeds of this offering to partially refinance an aggregate $500 million principal amount of certain notes issued by Fairfax and its subsidiaries.

Fairfax Financial Holdings Limited is a financial services holding company based in Toronto which, through its subsidiaries such as Northbridge, Crum & Forster, Zenith National, OdysseyRe and Fairfax Asia, is engaged in property and casualty insurance and reinsurance and investment management.

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Menlo Park-Tax), counsel Richard Alsop (New York-Capital Markets), and associates Kevin Roggow (Toronto-Capital Markets), Hugo Sin (Toronto-Capital Markets), Peter Saad (Toronto-Capital Markets), Jacob Wilson (Toronto-Capital Markets), Daniel Weber (Toronto-Capital Markets) and Anil Kalia (Menlo Park-Tax).