Fidelity National Financial price for $ 450 million of 3.200% notes due September 17, 2051
JACKSONVILLE, Florida, September 14, 2021 / PRNewswire / – Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”) today announced that it has priced an issue of $ 450 million of its 3.200% senior bonds due September 17, 2051, through BofA Securities, Inc. and JP Morgan Securities LLC, representing several underwriters. The Notes were valued at 99.770% of their principal amount for a return of 3.212% per annum. The notes will bear interest semi-annually on the 17th of March and September 17, start March 17, 2022, and mature on September 17, 2051. Citigroup Global Markets Inc., Stephens Inc., US Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as co-managers.
The net proceeds from the issuance of the Notes will be used for general corporate purposes.
The Notes are offered under a prospectus supplement and accompanying prospectus, which can be obtained by contacting BofA Securities, Inc. toll free at (800) 294-1322 or by emailing [email protected] .com, or JP Morgan Securities LLC, pick up at (212) 834-4533. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of the Notes in any jurisdiction in which such an offer, solicitation or sale would be illegal before. registration or qualification under the securities laws of such jurisdiction.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the largest title insurance company in the country through its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of new York – which collectively issue more title insurance policies than any other securities company in United States.
F&G is part of the FNF family of companies. F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa.
Caution Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains, and certain oral statements made by our representatives from time to time may contain, forward-looking statements relating to FNF, including statements relating to the completed offer transaction notes and related matters. Such statements are subject to risks and uncertainties, many of which are beyond FNF’s control, which could cause actual results, events and developments to differ materially from those stated or implied by such statements. These statements are based on the convictions and assumptions of the management of FNF. Forward-looking statements are generally identifiable by the use of the words “believes”, “expects”, “intends”, “plans”, “plans”, “research”, “estimates”, “projects” , “Could”, “,” “could”, “could” or “continue” or similar expressions. Factors which could cause actual results, events and developments to differ from one another include, but are not limited to: ( 1) changes in economic, business and general political conditions, including changes in financial markets; (2) the risk that the Note Offer Transaction disrupts FNF’s ongoing plans and operations due to the closing thereof; (3) changes in applicable laws or regulations; (4) the possibility that FNF will be adversely affected by other economic, commercial and / or competitive factors, as well as the impact on the activities , operations, operating results and FNF’s stock prices resulting from the COVID -19 outbreak; (5) the seriousness of FNF’s title insurance claims; (6) a downgrade of FNF’s credit rating by rating agencies; (7) adverse changes in the level of real estate activity, which may be caused, among other things, by high or increasing interest rates, a limited supply of mortgage financing, an increase in defaults or a US economy weak ; (8) our business concentration in the states of California, Texas, Florida, New Jersey and Arizona; (9) our potential inability to find suitable acquisition candidates; (10) our reliance on distributions from our title insurance underwriters as our primary source of cash flow; (11) competition from other title insurance companies; (12) fluctuations in interest rates; (13) stock market volatility; (14) the credit risks of our counterparties, including companies with which we have reinsurance agreements or have purchased call options; and (15) other risks and uncertainties identified in documents filed by FNF with the United States Securities and Exchange Commission, including the prospectus. FNF cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. FNF does not undertake or accept any obligation or commitment to issue updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in the events, conditions or circumstances on which such statement is based. , subject to applicable law. . The information contained in any website referenced here is not, and will not be considered, part of or incorporated into this press release.
All forward-looking statements described herein are qualified by these cautionary statements and no assurance can be given that the actual results, events or developments mentioned herein will occur or will occur. FNF assumes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events or changes in future operating results, except as required by law.
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SOURCE Fidelity National Financial, Inc.