Fidelity National Financial Inc. (FNF) announced that it has priced an issuance of $400 million of its 5.50% Notes due September 1, 2022, through joint book-running managers Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. The notes were priced at 99.513 to yield 5.564%.
The notes will pay interest semi-annually on the 1st of March and September, beginning March 1, 2013, and mature on September 1, 2022.
The company said that the net proceeds of the issuance of the notes will be used to fund the repayment of the $236.5 million aggregate principal amount outstanding of FNF's 5.25% unsecured notes maturing in March 2013 and the remainder for general corporate purposes.
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