First American announces new $250M debt offering; Fitch rates

First American Financial Corp. (FAF) announced the pricing of a public offering of $250 million of its 4.3 percent senior notes due in 2023. The offering is expected to close on Jan. 29. 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. Following the announcement, Fitch provided its thoughts. Read on for all of the details.