an investment of $350 million in AbitibiBowater convertible debentures with an 8% cash coupon. The debentures are convertible into common shares of AbitibiBowater Inc at US$10.00 per share. The debentures has an ability to pay interest in the form of additional "pay-in-kind" debentures at a rate of 10%, and has an AbitibiBowater subsidiary guarantee. They have a maturity of 5 years and are non-callable. Fairfax will have the right to appoint two directors to the Board of Directors. Toys 'R' Us Inc. which it sold in 2021 to Putnam. References External links Financial services companies established in 1951 Insurance companies of Canada Companies listed on the Toronto Stock Exchange 1951 establishments in Ontario Canadian companies established in 1951 Companies based in Toronto