---
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"
generated_at: "2026-06-14T22:18:27.082028+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# First American enters new $900M credit facility, upsizes from $700M, matures 2028

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 1.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-022737
- JSON: https://secwatch.observer/filing/0000950170-23-022737.json
- Plain text: https://secwatch.observer/filing/0000950170-23-022737.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $900.0 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: Alternate Base Rate plus the applicable spread, Adjusted Term SOFR Rate plus the
  - Maturity: May 17, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/0000950170-23-022737-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.