Cannae : Corporate Liquidity

CORPORATE LIQUIDITY AND DEBT

			Corporate Liquidity Position and Forward Commitments
($ in millions)						May 10,	March 31,			December 31,
Liquidity					2021		2021	2020
Holding company cash & short-term investments		$318.7		$387.4	$666.0
Available under Margin Loan					500.0		500.0	500.0
Available under FNF Revolver					100.0		100.0	100.0
Total Gross Liquidity						$918.7		$987.4	$1,266.0
Forward Purchase Agreement (FPA) and PIPE Commitments(1)
Foley Trasimene Acquisition Corp. (Alight) FPA and PIPE subscription		$400.0
Tailwind Acquisition Corp. (QOMPLX) PIPE subscription		37.5
Austerlitz Acquisition Corporation I redemption backstop (2)		--
Total Forward Commitments
			$437.5
Net Available						$481.2
Corporate Debt Outstanding	Size	Interest Rate	Due Date
DNB/CDAY margin loan	(3)	$500.0	3 Mo. LIBOR + 2.75%	Nov-23	--		--	--
FNF revolver		$100.0	3 Mo. LIBOR + 4.50%	Nov-22	--		--	--
Total Corporate Debt Outstanding				$--		$--		$--

1. Cannae has forward purchase agreements with Trebia Acquisition Corp. ($75M) and Austerlitz Acquisition Corporation II ($125M), that are contingent on terms of a future business combination. Net available if both were effectuated would be $281.2M
2. Forward purchase agreement with Austerlitz I extinguished and replaced with backstop of redemptions up to 69M shares, or $690M
3. Margin loan base capacity is $100M with accordion feature to $500M