secwatch.observer — SEC 8-K summary
======================================

Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0000950170-23-022737
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/0000950170-23-022737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000095017023022737/faf-20230517.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022737

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer