Reported Earlier, First American Financial Raised $450M Via Senior Notes Offering For Debt Repayment
Reported Earlier, First American Financial Raised $450M Via Senior Notes Offering For Debt Repayment
First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions, today announced the pricing of a public offering of $450 million of its 5.450 percent senior notes due 2034. The offering is expected to close on September 30, 2024, subject to customary conditions.
First American Financial（NYSE: FAF）是一家主要提供房地产交易的产权、结算和风险解决方案的领先供应商，今天宣布以2034年到期的5.450%的优先票据公开发行45000万美元。本次发行预计将于2024年9月30日关闭，视情况而定。
The notes will be general senior unsecured obligations of the company and will rank equally in right of payment with the company's existing and future senior unsecured indebtedness. Interest will be paid semi-annually on March 30 and September 30, beginning March 30, 2025. The company intends to use the net proceeds from the sale of the notes for repayment at maturity of the company's 4.60% senior notes due 2024 and for general corporate purposes, which may include, among other possible uses, acquisitions, funding for working capital, repurchase of the company's capital stock and other capital expenditures. The company may also use the net proceeds for temporary investments until it needs them for general corporate purposes.
这些债券将是公司的一般优先无担保债务，且在支付权利上与公司现有和未来的一般优先无担保债务享有相等地位。利息将于每年3月30日和9月30日半年支付一次，自2025年3月30日起开始支付。公司打算利用债券销售的净收入偿还到期的2024年到期的4.60%的优先票据，并用于一般企业用途，可能包括收购、资本运作资金、回购公司股票和其他资本支出。公司还可以将净收入用于临时投资，直到需要用于一般企业用途。
