Finance of America Companies Set to Go Public Through a Business Combination With Replay Acquisition Corp.

Author: Benzinga Newsdesk | October 13, 2020 07:02am

Differentiated End-to-End Cycle Resistant Platform in Consumer and Business Lending –

– Secular Mortgage Industry Tailwinds and Multiple Avenues for Growth –

– Funds Managed by Blackstone Tactical Opportunities and FOA’s Management/Founder Will Retain Approximately 70% Equity Ownership Post-Closing -

• Strong top line growth and superior operating leverage, with a 41% revenue CAGR from 2018 to 2020E, a 188% GAAP pre-tax income CAGR, and a 182% CAGR for Adjusted EBITDA
• Brian Libman, Founder and Chairman of Finance of America, Patricia Cook, Chief Executive Officer, and Graham Fleming, President, will continue to lead the company
• Implied equity value of the combined company at closing is approximately $1.9 billion
• Top-tier institutional investors have committed to a $250 million PIPE at price per share of $10.00
• Management, founder and Blackstone to remain closely aligned with shareholders at transaction close
• Transaction is expected to close in the first half of 2021
• Investor call scheduled for October 13, 2020

Posted In: RPLA