Intact Financial Corporation announced that it has successfully priced a private offering of USD 500 million aggregate principal amount of its 5.459% senior unsecured notes due 2032 (the Notes). The Notes will be senior unsecured obligations of Intact and will rank equally in right of payment to all of Intact's existing and future senior unsecured indebtedness. The offering is expected to close on September 22, 2022, subject to satisfaction of customary closing conditions.

Intact intends to use the net proceeds from this offering to repay at maturity the entire outstanding aggregate principal amount of Intact U.S. Holdings Inc.'s (formerly OneBeacon U.S. Holdings Inc.) 4.60% senior notes due 2022. Any remaining net proceeds may be used for debt repayment and general corporate purposes.