Santa Ana’s CoreLogic Inc., which last week emerged as a public company as part of a spinoff at First American Corp., has filed plans to sell up to $400 million in the company’s stock.
CoreLogic, which provides real estate and other business data, said it would use any proceeds from sales of shares by the company for general purposes, including possible repayment of debt, acquisitions, share buybacks and investments in its business.
The company, whose shares debuted last week, filed for standing approval to sell shares in the future and didn’t indicate any timetable for a sale, according to a filing with the Securities and Exchange Commission.
The filing also covers other shareholders in CoreLogic. They include what’s now First American Financial Corp., a title insurer that’s the successor to First American Corp. It owns about $250 million of CoreLogic after the split.
CoreLogic executives have said they’re looking to make acquisitions. The company has about $400 million in cash.
