Micro General Sells $3 Million in Notes
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SANTA ANA — Micro General Corp., a maker of automated equipment for shipping and mailing, has agreed to sell $3 million of short-term notes to Fidelity National Financial Inc. and Dito Caree LP.
Micro General said proceeds from the sale will be used to retire bank debt and develop a series of security postage meters designed to comply with proposed U.S. Postal Service regulations.
Fidelity National in Irvine, the nation’s fourth largest title insurer, already holds 38% of Micro General’s common shares and Dito Caree owns 5%.
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