Fidelity National Sells Unit To Winthrop To Cut Debt

Law360, New York (September 28, 2009, 4:31 PM EDT) -- Title insurance company Fidelity National Financial Inc. has sold one of its units to Winthrop Resources Corp. — a subsidiary of TCF Financial Corp. — to reduce debt.

The nation's largest title insurer announced the sale of Fidelity National Capital Inc. on Friday, saying the deal would slash $214 million of consolidated debt from its balance sheet.

Jacksonville, Fla.-based Fidelity said the sale of the technology financing and leasing company would also result in total net proceeds after the repayment of debt of $50 million....
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