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First American to Sell $200 Million in Notes

August 15, 2000|Bloomberg News

Title insurer First American Corp. plans to sell $200 million in unsecured senior notes, according to a regulatory report filed Monday.

The filing allows Santa Ana-based First American to register the notes in advance and then sell them when market conditions warrant or when financing needs arise. Terms of the securities are usually announced at the time of the sale.

First American plans to use the proceeds of the sale for general corporate purposes, including potential acquisitions.

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