Fidelity National Title Group, Inc. Announces Expiration and Settlement of Exchange Offers
|January 19, 2006|
Fidelity National Title Group|
JACKSONVILLE, Fla., -- Fidelity National Title Group, Inc. (NYSE: FNT), one of the nation's largest title insurance company and a majority-owned, publicly traded subsidiary of Fidelity National Financial, Inc. (NYSE: FNF - News), today announced the expiration and settlement of its previously announced exchange offers for outstanding notes of FNF.
The exchange offers expired at 5:00 p.m., New York City time, on January 17, 2006. As of that time, $241,347,000 aggregate principal amount (approximately 96.54%) of the 7.30% FNF Notes due 2011 and the entire $250,000,000 aggregate principal amount of the 5.25% FNF Notes due 2013 had been validly tendered and not withdrawn in the exchange offers.
FNT has accepted all FNF notes tendered (and not withdrawn) in the exchange offers, and in exchange for those notes has issued FNT notes with the same principal amounts, interest rates, redemption terms and payment and maturity dates as the FNF notes accepted in the exchange offers.
FNT is a majority-owned subsidiary of Fidelity National Financial Inc., number 261 on the Fortune 500 and a provider of products and outsourced services and solutions to financial institutions, and the mortgage, insurance and real estate industries. More information about FNF can be found at http://www.fnf.com .
Source: Fidelity National Title Group, Inc.