Finance of America Announces Repurchase of Blackstone Equity Stake and Repayment of Working Capital Facility
Finance of America Companies Inc. (“Finance of America” or the “Company”) (
NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it has fully paid off its outstanding working capital facility and entered into a definitive agreement to repurchase the entirety of Blackstone’s equity stake in the Company. In addition, Finance of America announced a new convertible debt facility with multiple long-term supporters of the Company.
