Fidelity National Financial, Inc. FNF, today announced its intention to offer $300 million aggregate principal amount of Convertible Senior Notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Convertible Senior Notes are expected to pay interest semi-annually on the 15th of February and August, beginning February 15, 2012, and to mature on August 15, 2018. The Convertible Senior Notes will be convertible in certain circumstances. FNF intends to use the net share settlement method to settle conversions of the Convertible Senior Notes. FNF also intends to grant the initial purchasers of the Convertible Senior Notes a 30-day option to purchase up to an additional $45 million of Convertible Senior Notes. The interest rate, conversion rate and other terms of the notes will be determined by negotiations between FNF and the initial purchasers of the notes.
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