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Fidelity National Announces Common Stock Offering
Tuesday, April 14, 2009 9:51 AM


(Source: Datamonitor)trackingFidelity National Financial has announced that it is planning to make a public offering of 13.3 million shares of its common stock.

Fidelity National said that the net proceeds from this offering will be used for general corporate purposes, including the potential repayment of indebtedness under the company's existing $1.1 billion syndicated credit agreement.

JPMorgan Securities and Goldman, Sachs & Company will serve as joint book-running managers, with Barclays Capital, Keefe, Bruyette & Woods, Piper Jaffray & Company, and Stephens serving as co-managers.

The underwriters will be granted an option to purchase additional shares equal to 15% of the number of shares set forth in the offering.

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