Fidelity National Financial, Inc. Repays the Final $20 Million Borrowing Related to the Reserve Primary Fund
November 20, 2008
Fidelity National Financial, Inc. announced the repayment of $20 million under its credit facility.
Combined with the $100 million repayment made on November 6, 2008, FNF has now repaid the entire $120 million borrowing made under FNF's credit facility on September 29, 2008. That borrowing was made to replace the funds that had been frozen after the announcement of the liquidation of the Reserve Primary Fund. Expected future distributions of approximately $50 million from the Reserve Primary Fund will now be available for other general corporate purposes.
Source: Fidelity National Financial, Inc.