Reported Earlier, First American Financial Raised $450M Via Senior Notes Offering For Debt Repayment
Reported Earlier, First American Financial Raised $450M Via Senior Notes Offering For Debt Repayment
First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions, today announced the pricing of a public offering of $450 million of its 5.450 percent senior notes due 2034. The offering is expected to close on September 30, 2024, subject to customary conditions.
First American Financial（NYSE: FAF）是一家主要提供房地產交易的產權、結算和風險解決方案的領先供應商，今天宣佈以2034年到期的5.450%的優先票據公開發行45000萬美元。本次發行預計將於2024年9月30日關閉，視情況而定。
The notes will be general senior unsecured obligations of the company and will rank equally in right of payment with the company's existing and future senior unsecured indebtedness. Interest will be paid semi-annually on March 30 and September 30, beginning March 30, 2025. The company intends to use the net proceeds from the sale of the notes for repayment at maturity of the company's 4.60% senior notes due 2024 and for general corporate purposes, which may include, among other possible uses, acquisitions, funding for working capital, repurchase of the company's capital stock and other capital expenditures. The company may also use the net proceeds for temporary investments until it needs them for general corporate purposes.
這些債券將是公司的一般優先無擔保債務，且在支付權利上與公司現有和未來的一般優先無擔保債務享有相等地位。利息將於每年3月30日和9月30日半年支付一次，自2025年3月30日起開始支付。公司打算利用債券銷售的淨收入償還到期的2024年到期的4.60%的優先票據，並用於一般企業用途，可能包括收購、資本運作資金、回購公司股票和其他資本支出。公司還可以將淨收入用於臨時投資，直到需要用於一般企業用途。
譯文內容由第三人軟體翻譯。