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FAF > SEC Filings for FAF > Form 8-K on 15-Nov-2012All Recent SEC Filings

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Form 8-K for FIRST AMERICAN FINANCIAL CORP


15-Nov-2012

Entry into a Material Definitive Agreement, Financial Statements an


Item 1.01. Entry Into Material Definitive Agreement.

On November 14, 2012, First American Financial Corporation (the "Company") entered into an amendment to its Credit Agreement dated as of April 17, 2012 with JPMorgan Chase Bank, N.A., as administrative agent, and the other parties thereto. Among other things, the amendment permanently releases the collateral and guarantees associated with the facility, decreases the maximum total debt to total capitalization ratio from 35 percent to 30 percent, and increases the total stockholders' equity that the Company is required to maintain by an amount equal to half of the Company's consolidated positive net income for each fiscal quarter.

The foregoing description of the amendment to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.       Description

10.1              Amendment No. 1 dated as of November 14, 2012 to the Credit
                  Agreement dated as of April 17, 2012, among First American
                  Financial Corporation, the Lenders party thereto and JPMorgan
                  Chase Bank, N.A., as Administrative Agent.


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