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BRIEF-Fairfax Financial to invest $150 million in Mosaic Capital

Published 2016-12-22, 08:08 p/m
© Reuters.  BRIEF-Fairfax Financial to invest $150 million in Mosaic Capital
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Dec 22 (Reuters) - Mosaic Capital Corp M.V :

* Fairfax Financial to invest $150 million in Mosaic Capital

* Agreed to subscribe for $100 million principal amount of 6% senior preferred securities

* Agreed to subscribe for $50 million principal amount of 5% seven-year term secured debenture

* Mosaic Capital - common share purchase warrants entitling Fairfax to acquire up to 17 million common shares of mosaic at $8.81 per share for 7 years Source text for Eikon: ID:nCNWZD9vNa Further company coverage: M.V

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