other_material
confidence high
sentiment positive
materiality 0.85
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.
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