Bloomberg News

First American Enters $600 Million, Four-Year Credit Facility

April 17, 2012

First American Financial Corp. (FAF:US), the second-largest U.S. title insurer, entered a four-year, $600 million senior secured revolving credit facility priced 75 basis points below the agreement it replaces.

The latest deal, with banks led by JPMorgan Chase & Co. (JPM:US), U.S. Bancorp and Wells Fargo & Co. (WFC:US), replaces a $400 million facility that was scheduled to mature on June 1, the Santa Ana, California-based insurer said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Dan Kraut in New York at Dkraut2@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • FAF
    (First American Financial Corp)
    • $31.9 USD
    • 0.25
    • 0.78%
  • JPM
    (JPMorgan Chase & Co)
    • $60.3 USD
    • -0.66
    • -1.09%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus