Finance of America Repurchases Blackstone Equity Stake, Repays Working Capital Facility, and Secures New Convertible Debt Facility to Enhance Financial Flexibility and Position for Next Phase of Growth.

Finance of America has fully paid off its working capital facility and entered into a deal to repurchase Blackstone's equity stake. The company has also secured a new convertible debt facility with long-term supporters. These transactions strengthen Finance of America's balance sheet, reduce costs, and position it for future growth. The repurchase of Blackstone's equity stake is expected to be accretive to shareholders and reflects the company's confidence in its strategic direction.

Title: Finance of America Strengthens Balance Sheet, Positions for Growth with Major Transactions

Finance of America Companies Inc. (NYSE: FOA) has made significant strides in bolstering its financial position with a series of strategic transactions. The company has fully repaid its outstanding working capital facility and entered into a definitive agreement to repurchase the entirety of Blackstone's equity stake. Additionally, Finance of America has secured a new convertible debt facility with multiple long-term supporters. These moves aim to enhance the company's balance sheet, reduce costs, and position it for future growth.

The repayment of the working capital facility and the repurchase of Blackstone's equity stake are expected to strengthen Finance of America's financial flexibility and independence. The company's CEO, Graham Fleming, noted that these transactions are a pivotal milestone in the company's strategic evolution. By reducing interest expenses and related costs, Finance of America can pursue new opportunities more freely. The agreement to repurchase Blackstone's equity stake reflects the company's commitment to long-term value creation and is expected to be materially accretive to shareholders [2].

Finance of America has also secured a new convertible debt facility with long-term supporters. This facility provides additional financial support and enhances the company's liquidity and capital resources. The convertible debt facility will enable Finance of America to continue its growth trajectory and pursue strategic expansion opportunities.

The closing of the repurchase transaction is subject to customary conditions and is anticipated to be consummated in the fourth quarter of 2025. More information about the definitive agreements between Finance of America and Blackstone, and the new convertible debt facility, will be available in a Form 8-K to be filed by the Company.

References:
[1] https://www.investopedia.com/terms/r/revolving-loan-facility.asp
[2] https://www.businesswire.com/news/home/20250804613095/en/Finance-of-America-Announces-Repurchase-of-Blackstone-Equity-Stake-and-Repayment-of-Working-Capital-Facility