The First American Corporation to Sell $175 Million Of Its Senior Convertible Debentures

Apr 19, 2001, 01:00 ET from The First American Corporation

    SANTA ANA, Calif., April 19 /PRNewswire/ -- The First American Corporation
 (NYSE:   FAF), the nation's leading, diversified provider of business
 information and related products and services, today announced that it has
 agreed to sell $175 million aggregate principal amount, with an over-allotment
 option of $35 million, of its 4.5 percent senior convertible debentures due
 2008.  The transaction was structured as a private placement pursuant to
 Rule 144A and Regulation S under the Securities Act of 1933.
     The senior convertible debentures will be convertible into common stock of
 The First American Corporation at a conversion price of $28 per share and are
 noncallable for three years.  The offering is expected to close on
 April 24, 2001.
 
     This press release shall not constitute an offer to sell or a solicitation
 of an offer to buy the senior convertible debentures, nor shall there be any
 sale of these senior convertible debentures 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.  Any offer, if any at all, will
 be made only by means of an offering circular.
     The senior convertible debentures have not been registered under the
 Securities Act and may not be offered or sold in the United States absent
 registration or an applicable exemption from registration.
 
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include: title information and services; real estate information and services,
 which includes mortgage information services and database information and
 services; and consumer information and services, which provides automotive,
 subprime and direct-to-consumer credit reporting; direct-to-consumer public
 records reporting; resident screening; pre-employment screening; property and
 automotive insurance tracking services; property and casualty insurance; home
 warranties; investment advisory; and trust and banking services.  Information
 about the company and an archive of its press releases can be found on the
 Internet at www.firstam.com.
 
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990929/FAFLOGO )
 
 

SOURCE The First American Corporation
    SANTA ANA, Calif., April 19 /PRNewswire/ -- The First American Corporation
 (NYSE:   FAF), the nation's leading, diversified provider of business
 information and related products and services, today announced that it has
 agreed to sell $175 million aggregate principal amount, with an over-allotment
 option of $35 million, of its 4.5 percent senior convertible debentures due
 2008.  The transaction was structured as a private placement pursuant to
 Rule 144A and Regulation S under the Securities Act of 1933.
     The senior convertible debentures will be convertible into common stock of
 The First American Corporation at a conversion price of $28 per share and are
 noncallable for three years.  The offering is expected to close on
 April 24, 2001.
 
     This press release shall not constitute an offer to sell or a solicitation
 of an offer to buy the senior convertible debentures, nor shall there be any
 sale of these senior convertible debentures 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.  Any offer, if any at all, will
 be made only by means of an offering circular.
     The senior convertible debentures have not been registered under the
 Securities Act and may not be offered or sold in the United States absent
 registration or an applicable exemption from registration.
 
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include: title information and services; real estate information and services,
 which includes mortgage information services and database information and
 services; and consumer information and services, which provides automotive,
 subprime and direct-to-consumer credit reporting; direct-to-consumer public
 records reporting; resident screening; pre-employment screening; property and
 automotive insurance tracking services; property and casualty insurance; home
 warranties; investment advisory; and trust and banking services.  Information
 about the company and an archive of its press releases can be found on the
 Internet at www.firstam.com.
 
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990929/FAFLOGO )
 
 SOURCE  The First American Corporation

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