Fidelity National Financial Announces $ 450 Million of 3.200% Notes Due September 17, 2051 | 2021-09-14 | Press releases
JACKSONVILLE, Florida., September 14, 2021 / PRNewswire / – Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”) announced today that the price for the issue of $ 450 million of its 3,200% senior notes due September 17, 2051, through BofA Securities, Inc. and JP Morgan Securities LLC, representatives of the various syndicate banks. The Notes were valued at 99.770% of their nominal amount, resulting in an annual return of 3.212%. The bonds earn interest every six months on 17. March and 17th of September, Beginning March 17, 2022, and mature 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 issue of the Notes will be used for general corporate purposes.
The Notes are being offered pursuant to a supplement and accompanying prospectus available from BofA Securities, Inc. toll free at (800) 294-1322 or by email at [email protected] or JP. available from Morgan Securities LLC at (212) 834-4533. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will any sale of the Notes be made in any jurisdiction in which such offer, solicitation or sale is prior to registration or qualification in accordance with the securities laws of any such jurisdiction.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of property 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 companies – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of new York – which together issue more title insurances than any other title company in The 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.
Cautionary Note Regarding Forward-Looking Statements
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release and certain oral statements by our agents from time to time may contain forward-looking statements regarding FNF, including statements regarding the completed notes, offer transactions and related thereto Affairs. Such statements are subject to risks and uncertainties, many of which are beyond the control of FNF and which could cause actual results, events and developments to differ materially from those expressed or implied in these statements. These statements are based on the beliefs and assumptions of the management of FNF. Forward-looking statements are generally identified by the words “believes”, “expects”, “intends”, “anticipates”, “planet”, “aims”, “estimates”, “projects”, “may”, “will”, “,“ Could ”,“ could ”or“ further ”or similar expressions. Factors that could cause actual results, events and developments to differ include, but are not limited to: (1) changes in general economic, business and political conditions, including changes in the financial markets; (2) the risk that the Notes Transaction will disrupt the ongoing plans and operations of FNF as a result of the completion; (3) changes in applicable laws or regulations; (4) the possibility that FNF may be adversely affected by other economic, business, and / or competitive factors, as well as the impact on the business, operations, results of operations, and trading prices of FNF’s shares resulting from the COVID-19 outbreak ; (5) the gravity of the FNF’s legal claims; (6) a credit rating downgrade of the FNF by rating agencies; (7) adverse changes in real estate activity that may be caused, among other things, by high or rising interest rates, limited mortgage finance availability, increased mortgage defaults, or a weak US economy; (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 insurers 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 whom we have reinsurance contracts or purchase options; and (15) other risks and uncertainties identified in FNF’s filings with the US 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 of this publication. FNF assumes no obligation or obligation to publish updates or revisions to any forward-looking statement to reflect changes in its expectations or changes in the events, conditions or circumstances on which any such statement is based, subject to applicable law. The information contained on any website referred to herein is not part of this press release and is not to be considered a part of this press release.
All forward-looking statements described herein are limited by these cautionary statements, and no assurance can be given that the actual results, events or developments referred to herein will occur or will be realized. FNF assumes no obligation to update or revise any 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.