debt
confidence high
sentiment neutral
materiality 0.60
FNF subsidiary F&G issues $550M 6.5% notes due 2029; tenders $250M of 5.5% notes
Fidelity National Financial, Inc.
- F&G completed public offering of $550M aggregate principal amount of 6.500% Senior Notes due June 2029.
- Net proceeds partially used to fund tender offer for up to $250M of FGLH 5.50% notes due 2025.
- In early tender, $365M of 5.5% notes tendered; $250M accepted at proration factor of 68.5%.
- Settlement for accepted tenders expected on June 5, 2024; notes will be canceled.
- Remaining proceeds from offering for general corporate purposes, including debt repurchase/redemption.