Fidelity National Title Group, Inc. Announces Filing of Amended Prospectus and Consent Solicitation Statement
Jacksonville, Fla. -- (January 9, 2006) Fidelity National Title Group, Inc. (NYSE: FNT), the nation's largest title insurance company and a majority-owned, publicly traded subsidiary of Fidelity National Financial, Inc. (NYSE: FNF), today announced that it has filed an amended prospectus and consent solicitation statement with the Securities and Exchange Commission for its previously announced exchange offers for outstanding notes of FNF. This amended prospectus reflects the changes in the terms of the offers announced January 6, 2006. FNT has also filed a current report on Form 8-K with the SEC that includes as an exhibit a form of supplemental indenture to the indenture under which the notes to be issued by FNT in the exchange offers will be issued. This supplemental indenture sets forth the previously announced changes in covenants and events of default for the FNT notes. Also included as exhibits are revised forms of the new notes, the letter of transmittal and the supplemental indenture to the indenture under which the outstanding FNF notes were issued with respect to the previously announced change in the terms of the concurrent consent solicitations. The exchange offers are extended to midnight New York City time on Friday, January 13, 2006. Noteholders whose notes have already been validly tendered need take no further action to participate in the exchange offers.
As previously announced, FNT has waived the condition to the exchange offers that consents be obtained from a majority of the outstanding principal amount of each series of notes. As such, subject to the satisfaction of the other conditions to the exchange offers, FNF will accept for exchange any and all FNF notes validly tendered.
This news release is neither an offer to sell nor a solicitation of an offer to buy or exchange any securities, nor shall there be any sale or purchase of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The exchange offers are made solely by the prospectus and consent solicitation statement and the related letter of transmittal and consent, and are subject to the conditions set forth therein.
Fidelity National Title Group, Inc. is the nation's largest title insurance company. The Company's title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - issue approximately 31 percent of all title insurance policies in the United States. Through its direct operations and agencies, the Company provides title insurance in 49 states, the District of Columbia, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and Canada. In 2005, FNT also acquired Service Link, a leading provider of title and closing services to major financial institutions and lenders, including six of the top 10 lending institutions in the United States ranked by loan origination volume. More information about Fidelity National Title Group can be found at www.fntg.com
This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of FNF or FNT to be different from those expressed or implied above. FNF and FNT expressly disclaim any duty to update or revise forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition, the possibility that the conditions for the exchange offers will not be met or that the anticipated benefits of the exchange offers will not be obtained and other risks detailed from time to time in the "Management's Discussion and Analysis" section of FNT's Form 10-K and other reports and filings with the Securities and Exchange Commission.
SOURCE: Fidelity National Title Group, Inc.
Daniel Kennedy Murphy,
Senior Vice President, Finance and Investor Relations,
Fidelity National Financial, Inc.,