57.6 F
Laguna Hills
Sunday, May 26, 2024
-Advertisement-

CoreLogic Ups Size of Debt Offering

Santa Ana-based data services company CoreLogic Inc. has priced and expanded a debt offering that’s set to wrap up this week.

CoreLogic, which provides consumer, financial and property data for real estate, mortgage and other companies, plans to sell $400 million worth of bonds, up from $350 million planned earlier.

The bonds, due in 2021, carry an interest rate of 7.25%.

The sale is expected to finish by Friday.

CoreLogic plans to use the proceeds to repay a portion of debt on a credit line.

The company has about $525 million in debt, including about $347 million owned on a revolving credit line due in 2016.

CoreLogic debuted as a stand-alone company last year after a split of Santa Ana-based First American Corp.

The move, which also created Santa Ana-based title insurer First American Financial Corp., was designed to free up CoreLogic, which often got overshadowed on Wall Street by First American’s title insurance business.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-