Finance of America Companies Inc. (FOA): debt financing — Finance of America repurchases Blackstone equity for $80.3M, issues $40M convertible notes

Finance of America Companies Inc.

Repurchases all Blackstone Class A/units at $10/share for $80.3M; closing expected Q4 2025, subject to conditions.
Issues $40M zero-coupon convertible notes due Aug 2028, convertible into Class A at $19/share after one year ($18 early).
Repays and terminates working capital facility; enters $20M unsecured LFH facility fully drawn, matures Aug 2026.
Consent from noteholders amends indentures; $60M of 2026 Notes mature Nov 2026 (non-extendable), with additional collateral.

item 1.01 item 2.03 item 3.02 item 5.01 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Finance of America Companies Inc. incurred convertible notes of $40.0 million with certain existing institutional investors at 0% coupon maturing August 4, 2028.

Instrument: convertible notes
Principal: $40.0 million
Counterparty: certain existing institutional investors
Rate: 0% coupon
Maturity: August 4, 2028
Event: incurrence

Exact text from the filing

the Company entered into convertible note purchase agreements (collectively, the “NPA”) with certain existing institutional investors, providing for the purchase of an aggregate of $40.0 million of a new series of unsecured convertible promissory notes (the “New Notes”), and the purchase price for the New Notes was funded in full on the same date.

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-172824

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