Micro General Sells $3 Million in Notes

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%.