Fidelity amends unsecured revolver, extending maturity to 2013

By Sara Rosenberg

New York, March 5 - Fidelity National Financial Inc. amended its credit facility, extending the unsecured revolver to March 5, 2013 from Oct. 24, 2011, according to a news release.

The revolver was downsized to $925 million from $1.1. billion, with the option to extend it back to that $1.1 billion size.

Pricing on the extended revolver was increased to Libor plus 150 basis points. The spread can range from Libor plus 100 bps to 190 bps based on senior debt ratings. And, the spread will increase by 50 bps on Oct. 24, 2011.

Bank of America, Wells Fargo, JPMorgan and U.S. Bank acted as the joint lead arrangers on the deal.

Fidelity National is a Jacksonville, Fla.-based provider of title insurance, mortgage services, specialty insurance, claims management services and information services.

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