---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-119269"
form_type: "8-K"
ticker: "FA"
cik: "0001210677"
company_name: "FIRST ADVANTAGE CORP"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:18:17.317200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-119269
- form_type: 8-K
- ticker: FA
- cik: 0001210677
- company_name: FIRST ADVANTAGE CORP
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1210677/000095017024119269/0000950170-24-119269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210677/000095017024119269/fa-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-119269
- JSON: https://secwatch.observer/filing/0000950170-24-119269.json
- Plain text: https://secwatch.observer/filing/0000950170-24-119269.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.