Fidelity National Financial, Inc. Announces Completion of Amendment and Extension of Existing $800 Million Revolving Credit

   Fidelity National Financial, Inc. Announces Completion of Amendment and
 Extension of Existing $800 Million Revolving Credit Facility and Closing of
                  New $1.1 Billion Term Loan Credit Facility

PR Newswire

JACKSONVILLE, Fla., July 11, 2013

JACKSONVILLE, Fla., July 11, 2013 /PRNewswire/ -- Fidelity National Financial,
Inc. (NYSE:FNF), a leading provider of title insurance, mortgage services and
diversified services, today announced the completion of the amendment and
extension of its existing $800 million senior unsecured revolving credit
facility ("credit facility") and the closing of a new $1.1 billion term loan
credit facility ("term loan"). The amendment and extension of the credit
facility and the new term loan are both related to FNF's previous announcement
concerning the agreement to acquire Lender Processing Services, Inc. ("LPS").

The maturity date of the credit facility has been extended 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 all-in
pricing is LIBOR + 175 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 commencing on the closing
of the LPS acquisition and the net worth test was reset.

The term loan has a maturity date of five years from the funding date, which
will be determined by the actual closing date of the acquisition of LPS.
There will be mandatory quarterly principal repayments of the term loan, with
the first such payment to be made on the last day of the fifth full fiscal
quarter after the funding date, equal to 0% in the first year after the
funding date, 10% in the second year, 15% in the third year, 20% in the fourth
year and 20% in the fifth year. The term loan pricing and financial covenants
effectively mirror those of the credit facility.

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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