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Intact Financial Corporation Announces Private Placements of $250 Million Medium Term Notes and $250 Million Limited Recourse Capital Notes and Intention to Redeem 4.125% Subordinated Notes, Series 1
Intact Financial Corporation (TSX: IFC) ("Intact" or the "Company") announced today that it has agreed to issue $250 million aggregate principal amount of 3.784% Series 17 unsecured medium term notes due February 28, 2038 (the "Medium Term Notes") and $250 million aggregate principal amount of 5.642% Limited Recourse Capital Notes, Series 2 (Subordinated Indebtedness) due March 31, 2086 (the "LRCNs", and together with the Medium Term Notes, the "Notes") by way of concurrent private placements to
About this update from Intact Financial Corporation
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Feb. 12, 2026 /CNW/ - Intact Financial Corporation (TSX: IFC) ("Intact" or the "Company") announced today that it has agreed to issue $250 million aggregate principal amount of 3.784% Series 17 unsecured medium term notes due February 28, 2038 (the "Medium Term Notes") and $250 million aggregate principal amount of 5.642% Limited Recourse Capital Notes, Series 2 (Subordinated Indebtedness) due March 31, 2086 (the "LRCNs", and together with the Medium Term Notes, the "Notes") by way of concurrent private placements to accredited investors in Canada (collectively, the "Private Placements").","length":664,"tagName":"p"},{"type":"text","content":"Intact also announced that it has sent today to all registered holders of its 4.125% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due March 31, 2081 (the "Series 1 Subordinated Notes") a formal notice and instructions for the redemption of the Series 1 Subordinated Notes. Intact will redeem the Series 1 Subordinated Notes as of February 28, 2026, upon payment of a redemption price of 100% of the principal amount of the Series 1 Subordinated Notes, together with accrued and unpaid interest to, but excluding, the date of redemption.","length":550,"tagName":"p"},{"type":"text","content":"The Medium Term Notes will be direct unsecured obligations of Intact and will rank equally with all other unsecured and unsubordinated indebtedness of Intact. The Medium Term Notes will bear interest at a fixed annual rate of 3.784% until February 28, 2033 and thereafter at a rate of 0.94% over Daily Compounded CORRA until their maturity on February 28, 2038.","length":361,"tagName":"p"},{"type":"text","content":"The LRCNs will be direct unsecured obligations of Intact and will be subordinated to all senior indebtedness of Intact and effectively subordinated to all indebtedness and obligations of Intact's subsidiaries. The LRCNs will bear interest at a fixed annual rate of 5.642% until March 31, 2031 and the interest rate will reset on that date and on every fifth anniversary of such date until the maturity date at a fixed interest rate per annum equal to the Government...