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Briefcase

December 05, 1987

Fidelity National Financial, an Irvine-based title insurance company, said it has raised $8 million in capital through the private sale of corporate debt to help it with its previously announced plan to repurchase up to 200,000 shares of its common stock. Remaining proceeds will be used for general corporate development and investment. The company raised the funds by issuing junior subordinated debentures carrying a 16% interest rate and due in 1994 along with warrants to buy 80,000 shares of common stock.

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