UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 20, 2021
FINANCE OF AMERICA COMPANIES INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-40308 | 85-3474065 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 909 Lake Carolyn Parkway, Suite 1550 |
| Irving, Texas 75039 |
| (Address of principal executive offices, including zip code) |
Registrant’s telephone number, including area code: (972) 999-1833
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Class A Common Stock, par value $0.0001 per share | FOA | New York Stock Exchange | ||
| Warrants to purchase shares of Class A Common Stock | FOA.WS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On December 20, 2021, Finance of America Equity Capital LLC (the “Borrower”), a subsidiary of Finance of America Companies Inc. (NYSE: FOA), entered into an amendment to its revolving working capital promissory notes dated June 14, 2019 (as amended, the “Promissory Notes”) with certain funds affiliated with Blackstone Inc. and an entity controlled by Brian L. Libman, providing for revolving borrowings in an aggregate amount of up to $30.0 million. The Promissory Notes, which are structured with simultaneous draw and paydown terms and are secured by certain tangible assets of the Borrower, have a maturity of January 3, 2023 and bear interest at rate per annum equal to 6.5%.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Finance of America Companies Inc. | ||||||
| Dated: December 23, 2021 | By: | /s/ Johan Gericke | ||||
| Johan Gericke | ||||||
| Executive Vice President and Chief Financial Officer | ||||||