Fidelity National Financial, Inc. Announces Amendment and Extension of Credit Facility

Fidelity National Financial, Inc. Announces Amendment and Extension of Credit
                                   Facility

PR Newswire

JACKSONVILLE, Fla., June 25, 2013

JACKSONVILLE, Fla., June 25, 2013 /PRNewswire/ --Fidelity National Financial,
Inc. (NYSE:FNF), a leading provider of title insurance, mortgage services and
diversified services, today announced the signing of an amendment and
extension of its existing $800 million senior unsecured revolving credit
facility ("credit facility") with lenders totaling $595 million of the credit
facility. The company intends to pursue the signing of an amendment and
extension of the credit facility with banks totaling $205 million of the
credit facility on July 11, 2013. The amendment and extension of the credit
facility is related to FNF's previous announcement concerning the agreement to
acquire Lender Processing Services, Inc.

The lenders totaling $595 million of the credit facility have agreed to extend
the maturity date of the credit facility to July 15, 2018, and pricing remains
constant at an applicable margin of between 132.5 basis points to 160 basis
points over LIBOR. At the current Moody's and Standard & Poor's senior debt
ratings of Baa3/BBB-, respectively, the applicable borrowing margin is 145
basis points. Financial covenants remain essentially the same, except that
the total debt to total capitalization ratio limit of 35% will increase to
37.5% for a period of one year after the closing of the Lender Processing
Services, Inc. acquisition. Merrill Lynch, Pierce, Fenner & Smith
Incorporated, J.P. Morgan Securities LLC, U.S. Bank National Association and
Wells Fargo Securities, LLC acted as joint lead arrangers and joint book
managers of the credit facility.

About FNF
Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title
insurance, mortgage services and diversified services. FNF is the nation's
largest title insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo
Title - that collectively issue more title insurance policies than any other
title company in the United States. FNF owns a 55% stake in American Blue
Ribbon Holdings, LLC, a family and casual dining restaurant owner and operator
of the O'Charley's, Ninety Nine Restaurant, Max & Erma's, Village Inn, and
Bakers Square concepts. FNF also owns an 87% stake in J. Alexander's, LLC, an
upscale dining restaurant owner and operator of the J. Alexander's and Stoney
River Legendary Steaks concepts. In addition, FNF also owns a 51% stake in
Remy International, Inc., a leading designer, manufacturer, remanufacturer,
marketer and distributor of aftermarket and original equipment electrical
components for automobiles, light trucks, heavy-duty trucks and other
vehicles. FNF also owns a minority interest in Ceridian Corporation, a
leading provider of global human capital management and payment solutions.
More information about FNF can be found at www.fnf.com.

Important Information Will be Filed with the SEC
FNF plans to file with the SEC a Registration Statement on Form S‑4 in
connection with the transaction. FNF and LPS plan to file with the SEC and
mail to their respective stockholders a Joint Proxy Statement/Prospectus in
connection with the transaction. The Registration Statement and the Joint
Proxy Statement/Prospectus will contain important information about FNF, LPS,
the transaction and related matters. Investors and security holders are urged
to read the Registration Statement and the JOINT Proxy Statement/Prospectus
carefully when they are available.

Investors and security holders will be able to obtain free copies of the
Registration Statement and the Joint Proxy Statement/Prospectus and other
documents filed with the SEC by FNF and LPS through the web site maintained by
the SEC at www.sec.gov or by phone, email or written request by contacting the
investor relations department of FNF or LPS at the following:

FNF                           LPS
601 Riverside Avenue          601 Riverside Avenue
Jacksonville, FL 32204        Jacksonville, FL 32204
Attention: Investor Relations Attention: Investor Relations
904-854-8100                  904-854-8640
dkmurphy@fnf.com              nancy.murphy@lpsvcs.com

FNF and LPS, and their respective directors and executive officers, may be
deemed to be participants in the solicitation of proxies in respect of the
transactions contemplated by the merger agreement. Information regarding the
directors and executive officers of FNF is contained in FNF's Form 10-K for
the year ended December 31, 2012 and its proxy statement filed on April 12,
2013, which are filed with the SEC. Information regarding LPS's directors and
executive officers is contained in LPS's Form 10-K for the year ended December
31, 2012 and its proxy statement filed on April 9, 2013, which are filed with
the SEC. A more complete description will be available in the Registration
Statement and the Joint Proxy Statement/Prospectus.

This communication shall not constitute an offer to sell or the solicitation
of an offer to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of 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. No offer of securities
shall be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.

Forward Looking Statements
This press release contains forward-looking statements that involve a number
of risks and uncertainties. Statements that are not historical facts,
including statements regarding expectations, hopes, intentions or strategies
regarding the future are forward-looking statements. Forward-looking
statements are based on FNF or LPS management's beliefs, as well as
assumptions made by, and information currently available to, them. Because
such statements are based on expectations as to future financial and operating
results and are not statements of fact, actual results may differ materially
from those projected. FNF and LPS undertake no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: the ability to
consummate the proposed transaction; the ability to obtain requisite
regulatory and stockholder approval and the satisfaction of other conditions
to the consummation of the proposed transaction; the ability of FNF to
successfully integrate LPS's operations and employees and realize anticipated
synergies and cost savings; the potential impact of the announcement or
consummation of the proposed transaction on relationships, including with
employees, suppliers, customers and competitors; changes in general economic,
business and political conditions, including changes in the financial markets;
weakness or adverse changes in the level of real estate activity, which may be
caused by, among other things, high or increasing interest rates, a limited
supply of mortgage funding or a weak U. S. economy; FNF's dependence on
distributions from its title insurance underwriters as a main source of cash
flow; significant competition that FNF and LPS face; compliance with extensive
government regulation; and other risks detailed in the "Statement Regarding
Forward-Looking Information," "Risk Factors" and other sections of FNF's and
LPS' Form 10-K and other filings with the Securities and Exchange Commission.





SOURCE Fidelity National Financial, Inc.

Website: http://www.fnf.com
Contact: Daniel Kennedy Murphy, Senior Vice President and Treasurer,
904-854-8120, dkmurphy@fnf.com
 
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