other material
confidence high
sentiment neutral
materiality 0.60
Finance of America raises $50M from Blue Owl via Series A Preferred Stock at 9% dividend
Finance of America Companies Inc.
- Blue Owl invests $50M for 50,000 shares of Series A Convertible Perpetual Preferred at $1,000/share.
- Initial dividend rate 9.0% annually, payable quarterly; increases to 12% after 7 years and up to 16% max.
- Preferred stock ranks senior to common; conversion price initially $35/share with anti-dilution adjustments.
- Company may redeem after 4th anniversary; Blue Owl gets board seat after 7 years if shares outstanding.
- Closing expected on or after December 15, 2025, subject to customary conditions.