debt
confidence high
sentiment neutral
materiality 0.60
F&G issues $375M of 7.300% Junior Subordinated Notes due 2065
Fidelity National Financial, Inc.
- F&G, majority-owned by FNF, closed public offering of $375M aggregate principal of 7.300% junior subordinated notes due 2065.
- Notes bear interest at 7.300% per year, payable quarterly; maturity on January 15, 2065, unless earlier redeemed.
- F&G may defer interest for up to 5 consecutive years without default; no limit on deferral periods.
- Optional redemption by F&G at par on or after January 15, 2030; special redemption triggers include tax, regulatory capital, and rating agency events.
- Net proceeds will be used for general corporate purposes, including repayment or repurchase of outstanding debt.