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First American Financial Corporation Prices Senior Notes Offering

      First American Financial Corporation Prices Senior Notes Offering

PR Newswire

SANTA ANA, Calif., Jan. 24, 2013

SANTA ANA, Calif., Jan. 24, 2013 /PRNewswire/ --First American Financial
Corporation (NYSE: FAF), a leading global provider of title insurance and
settlement services for residential and commercial real estate transactions,
today announced the pricing of a public offering of $250.0 million of its 4.30
percent senior notes due 2023.

The offering is expected to close on Jan. 29, 2013, subject to customary
conditions, and is being made pursuant to the company's shelf registration
statement filed with the Securities and Exchange Commission.

The notes will be general senior unsecured obligations of the company and will
rank equally in right of payment with the company's existing and future senior
unsecured indebtedness.

The notes were priced at 99.638 percent to yield 4.345 percent. Interest will
be paid semi-annually on Feb. 1 and Aug. 1, beginning Aug. 1, 2013. The
company intends to use the net proceeds from the sale of the notes to repay
all borrowings outstanding under its revolving credit facility and for general
corporate purposes.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and U.S. Bancorp
Investments, Inc., are acting as the joint book-running managers for the
offering. Copies of the prospectus supplement and accompanying base prospectus
for the offering may be obtained by contacting J.P. Morgan Securities LLC, 383
Madison Avenue, New York, NY, 10179, Attention: High Grade Syndicate Desk, 3rd
Floor; telephone: (212) 834-4533; or by contacting Wells Fargo Securities,
LLC, 1525 West W.T. Harris Blvd., NC 0675, Charlotte, NC 28262, Attention:
Capital Markets Client Support; telephone: (800) 326-5897. An electronic copy
of the prospectus supplement and accompanying base prospectus for the offering
may also be obtained at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy securities, nor shall there be any sale of any of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction. The securities being offered have not been approved
ordisapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the prospectus supplement or the shelf
registration statement or prospectus.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of
title insurance and settlement services to the real estate and mortgage
industries, that traces its heritage back to 1889. First American and its
affiliated companies also provide title plant management services; title and
other real property records and images; valuation products and services; home
warranty products; property and casualty insurance; and banking, trust and
investment advisory services.

Forward-Looking Statements

Certain statements made in this press release, including the closing date of
the offering, the net proceeds to be generated thereby and the use of such
proceeds, are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Risks and uncertainties exist that may cause
results to differ materially from those set forth in these forward-looking
statements. Factors that could cause the anticipated results to differ from
those described in the forward-looking statements include: interest rate
fluctuations; changes in the performance of the real estate markets;
volatility in the capital markets; unfavorable economic conditions; and other
factors described in the company's quarterly report on Form 10-Q for the
quarter ended September 30, 2012, as filed with the Securities and Exchange
Commission. The forward-looking statements speak only as of the date they are
made. The company does not undertake to update forward-looking statements to
reflect circumstances or events that occur after the date the forward-looking
statements are made.

Media Contact:                        Investor Contact:
Carrie Loranger                       Craig Barberio
Corporate Communications              Investor Relations
First American Financial Corporation First American Financial Corporation
(714) 250-3298                        (714) 250-5214

SOURCE First American Financial Corporation

Website: http://www.firstam.com
 
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