Fidelity National Financial (FNF) has released an update.
Fidelity National Financial, Inc. and its subsidiary, F&G Annuities & Life, Inc., have revamped their credit agreements to extend maturity dates and adjust borrowing terms. The updated agreements set variable interest rates pegged to the base rate or Term SOFR with margins tied to the companies’ credit ratings. Alongside, both entities are bound by standard covenants and fees, with potential for accelerated payments or termination of commitments if defaults occur. These strategic financial moves highlight the companies’ efforts to manage debt efficiently while navigating the complexities of the financial markets.
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