Fidelity National Financial amends and extends credit facility

Fidelity National amends credit agreement

JACKSONVILLE, Fla. — Fidelity National Financial Inc. on Friday said that it has amended and extended its existing $1.1 billion credit agreement.

The senior unsecured revolving credit facility was scheduled to mature Oct. 24, 2011.

Fidelity said the total facility has been reduced to $925 million, with an option to increase to $1.1 billion. The maturity date was extended to March 5, 2013.

Bank of America Securities LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities Inc. and U.S. Bank, National Association acted as joint lead arrangers of the credit facility.

The company said the changes enhance its long-term liquidity and it is continuing to manage its balance sheet and liquidity position conservatively during uncertain times.

Shares of Fidelity rose 8 cents to close at $14.48.