{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-022737","form_type":"8-K","ticker":"FAF","cik":"0001472787","company_name":"First American Financial Corp","filed_at":"2023-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.969847+00:00","generated_at":"2026-06-14T22:18:27.082028+00:00","sec_items":["1.01","2.03","1.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"First American enters new $900M credit facility, upsizes from $700M, matures 2028","bullets":["New $900M unsecured revolving credit facility entered May 17, 2023, matures May 17, 2028.","Replaces prior $700M credit agreement dated April 30, 2019, which was terminated.","Expansion option permits up to $450M additional commitments or term loans.","Interest based on SOFR plus spread tied to credit ratings; min SOFR spread 1.125%.","Proceeds for general corporate purposes; no guarantees or security."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-022737","json":"https://secwatch.observer/filing/0000950170-23-022737.json","markdown":"https://secwatch.observer/filing/0000950170-23-022737.md","text":"https://secwatch.observer/filing/0000950170-23-022737.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/0000950170-23-022737-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/faf-20230517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T22:18:27.082028+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d53a641ca84fbfa449f05edbb0f0d704b9236598","claim":"First American Financial Corp incurred revolving credit of $900.0 million with JPMorgan Chase Bank, N.A., as administrative agent at Alternate Base Rate plus the applicable spread, Adjusted Term SOFR Rate plus the maturing May 17, 2028.","evidence_excerpt":"On May 17, 2023, First American Financial Corporation (the “Company”) entered into a senior unsecured credit agreement with JPMorgan Chase Bank, N.A. (“JPMorgan”), in its capacity as administrative agent, and the lenders party thereto that provides for a $900.0 million revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/0000950170-23-022737-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$900.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Alternate Base Rate plus the applicable spread, Adjusted Term SOFR Rate plus the"},{"label":"Maturity","value":"May 17, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}