Shearman Logo

News Feb 22, 2018

Fairfax Financial Holdings Limited’s $250 Million Investment in Seaspan Corporation

Shearman & Sterling represented Fairfax Financial Holdings Limited (“Fairfax”) in connection with its purchase in a Rule 144A/Regulation S private placement, through certain of its subsidiaries, of $250 million aggregate principal amount of Seaspan Corporation’s (“Seaspan”) 5.5% senior notes due 2025 and 38,461,539 warrants exercisable for Seaspan’s Class A common shares.

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Seaspan is a leading independent owner, operator and manager of container ships and is listed on the New York Stock Exchange.

The Team