Fidelity National Financial extends $800 million revolver to 2025

By Wendy Van Sickle

Columbus, Ohio, Nov. 4 – Fidelity National Financial, Inc. entered into an amendment on Oct. 29 to its existing $800 million credit agreement with Bank of America, NA as administrative agent to extend the maturity date to Oct. 29, 2025 from April 27, 2022, among other things, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings bear interest at Libor plus a margin ranging from 110 basis points to 160 bps, depending on the senior unsecured long-term debt ratings of the company. Based on current ratings, the margin is 140 bps.

There is a commitment fee of between 15 bps and 40 bps on the entire facility, also depending on the company’s senior unsecured long-term debt ratings.

BofA Securities, Inc., JPMorgan Chase Bank, NA, U.S. Bank NA and Wells Fargo Securities, LLC are the joint lead arrangers and bookrunners.

JPMorgan, U.S. Bank and Wells Fargo Bank, NA are the co-syndication agents. BMO Harris Bank NA, Citizens Bank, NA, Fifth Third Bank, MUFG Union Bank, NA and PNC Bank, NA are the co-documentation agents.

The title insurance company is based in Jacksonville, Fla.

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