First National to repay indebtedness under bank credit facility

By Taylor Fox

New York, Nov. 9 – First National Financial Corp. plans to use proceeds from a new issue of C$200 million senior unsecured notes to make a loan to First National Financial LP to allow the partnership to repay debt under its bank credit facility using proceeds from its, according to a news release.

The proceeds will also be used for general partnership purposes.

Toronto-based First National Financial is the parent company of mortgage lender First National Financial LP.

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