First American to pay down revolver via senior note offering proceeds

By Tali David

Minneapolis, Jan. 24 - First American Financial Corp. plans to use the proceeds of a senior note offering to repay all borrowings outstanding under its revolving credit facility and for general corporate purposes, according to a 424B2 filed with the Securities and Exchange Commission.

As of Jan. 23, $160 million was outstanding under the facility.

First American Financial provides title insurance and settlement services to the real estate and mortgage industries and is located in Santa Ana, Calif.

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