debt
confidence high
sentiment neutral
materiality 0.50
First American Financial Corp issues $450M of 5.450% Senior Notes due 2034
First American Financial Corp
- Issued $450M aggregate principal of 5.450% Senior Notes due 2034.
- Underwriting agreement signed with J.P. Morgan, Goldman Sachs, and PNC Capital Markets.
- Offering expected to close September 30, 2024.
- Net proceeds to repay 4.60% Senior Notes due 2024 at maturity and for general corporate purposes.
- Notes governed by indenture dated Jan 24, 2013 with U.S. Bank Trust as trustee.