---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-022079"
form_type: "8-K"
ticker: "FOA"
cik: "0001828937"
company_name: "Finance of America Companies Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:40:58.188384+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Finance of America agrees to sell title insurance business to Essent for $100M; extends credit facility by $10M

## Summary
- Sale of Incenter's title insurance subsidiaries (ANTIC and BNT) to Essent US Holdings for $100M cash base purchase price, subject to adjustments.
- Closing expected by Sep 1, 2023, extendable to Dec 1, 2023 pending regulatory approvals from Missouri and California insurance commissioners.
- Revolver commitments increased from $50M to $60M, maturity extended to Oct 31, 2023 at 6.5% interest, for growth initiatives.
- FOA interim CEO states divestiture aligns with strategic focus on retirement solutions and home equity; Credit Suisse acted as financial advisor.

## SEC filing metadata
- accession: 0001193125-23-022079
- form_type: 8-K
- ticker: FOA
- cik: 0001828937
- company_name: Finance of America Companies Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828937/000119312523022079/0001193125-23-022079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828937/000119312523022079/d652832d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-022079
- JSON: https://secwatch.observer/filing/0001193125-23-022079.json
- Plain text: https://secwatch.observer/filing/0001193125-23-022079.txt

## Key facts
- Material Agreements
  Finance of America Companies Inc. entered into Securities Purchase Agreement with Essent US Holdings, Inc. valued at $100,000,000 (effective 2023-02-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Essent US Holdings, Inc.
  - Value: $100,000,000
  - Effective: 2023-02-01
  source text: On February 1, 2023, Incenter LLC (“Incenter”), an indirect subsidiary of Finance of America Companies Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Essent US Holdings, Inc. (the “Buyer”), and for the limited purposes described therein, Finance of America Equity Capital LLC. Pursuant to the Securities Purchase Agreement, on the terms and subject to the conditions set forth therein, Incenter will sell one hundred percent of (i) the issued and outstanding shares of capital stock of Agents National Title Holding Company (“ANTIC”), a direct subsidiary of Incenter and an indirect subsidiary of the Company, and (ii) the issued and outstanding membership interests of Boston National Holdings LLC (“BNT”), a direct subsidiary of Incenter and an indirect subsidiary of the Company (collectively, the “Incenter Transaction”) in exchange for the payment by Buyer of a cash base purchase price of $100,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828937/000119312523022079/0001193125-23-022079-index.htm

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