FOA subsidiary exchanges $342.6M of 7.875% notes due 2025 for secured notes due 2026/2029

Finance of America Companies Inc.

Exchanged $342.6M (97.9% of outstanding) 7.875% Senior Notes due 2025 for new secured notes and $856,555 cash.
Issued $195.8M of new 7.875% Senior Secured Notes due 2026; step-up to 8.875% after one year, extendable to 2027 at 9.875%.
Issued $146.8M of new 10% Exchangeable Senior Secured Notes due 2029; exchangeable into FOA Class A common at $27.50/share.
New notes secured by collateral, initially second-lien subordinated to Working Capital Notes, then first-lien upon termination.
Registration rights agreement requires FOA to file shelf registration for common stock deliverable on exchange by April 2025.

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