Market Overview

First American Financial Corporation Announces Four-Year $600M Revolving Credit Facility

First American Financial Corporation (NYSE: FAF) today announced that it has entered into a new four-year $600 million senior secured revolving credit facility maturing April 17, 2016.

The facility was oversubscribed during the syndication and the company exercised its option to increase the size of the facility from $500 million to $600 million in connection with the closing. This facility replaces the company's $400 million revolving facility that would have matured on June 1, 2013. J.P. Morgan Securities LLC, U.S. Bank National Association and Wells Fargo Securities, LLC served as joint lead arrangers and joint bookrunners under the new facility.

Posted-In: News Financing

 

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