Fidelity National Financial Closes $1.1 Bln Term Loan Credit Facility

(RTTNews) - Fidelity National Financial, Inc. (FNF) Thursday said it has completed amendment and extension of its existing $800 million senior unsecured revolving credit facility and has closed a new $1.1 billion term loan credit facility.

The maturity date of the credit facility has been extended to July 15, 2018, and pricing remains constant at an applicable margin of between 132.5 basis points to 160 basis points over LIBOR.

The term loan has a maturity date of five years from the funding date, which will be determined by the actual closing date of the acquisition of LPS.

The loan will be repaid quarterly, beginning from the last day of the fifth quarter after the funding date, equal to 0 percent in the first year, 10 percent in the second year, 15 percent in the third year, 20 percent each in the fourth and fifth year.