First Advantage closes $2.2B Sterling Check acquisition; $2.185B term loan funded

FIRST ADVANTAGE CORP

Stockholders received $16.73 cash or 0.979 FA shares; 71% cash / 29% stock proration applied.
Financed via $2.185B term loans (due 2031) and upsized $250M revolver (due 2029).
Expected $50-$70M run-rate synergies; pro forma combined revenue ~$1.5B.
CEO Scott Staples gets $450K one-time bonus; base salary raised to $700K plus $525K annual incentive.
Stockholders' Agreement terminated as Broad Street principals held no FA shares post-merger.

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