Finance of The usa Firms to Turn into Publicly Traded Adhering to Accomplished Transaction with Replay Acquisition Corp.

IRVING, Texas–(Organization WIRE)–Finance of America Equity Cash LLC (“Finance of America” or the “Company”), an conclusion-to-finish lending and providers platform, and Replay Acquisition Corp. (NYSE: RPLA) (“Replay Acquisition”), a publicly traded distinctive objective acquisition business, today declared the completion of their beforehand introduced transaction to get Finance of The usa public. The blended company is named Finance of The united states Firms Inc., and its widespread stock and warrants will start trading Monday, April 5, on the New York Inventory Trade (“NYSE”) underneath the ticker symbols “FOA” and “FOA.WS,” respectively.

Finance of The us Organizations Inc. (“FOA”) enters the public markets as a hugely differentiated, diversified shopper lending platform that is capable of delivering cycle-resistant earnings. Its lending organizations are supported by robust, uncorrelated secular tailwinds and contain mortgages, reverse home loans and business loans supplied across distributed retail, third-social gathering brokers and electronic immediate-to-shopper channels. FOA not too long ago launched a complementary home advancement personal loan vertical with the acquisition of Renovate America’s Benji®business, more maximizing its capability to fulfill consumers’ economical needs at each phase of their lives. In addition to its lending companies, FOA has a rate-for-support enterprise as well as a portfolio administration enterprise that features a broker-seller and a registered expense adviser. These small business traces additional broaden FOA’s earnings streams and supply numerous avenues of growth. FOA is perfectly positioned to continue to broaden organically by introducing impressive new items – as demonstrated with the modern start of EquityAvail™ – and inorganically by productively buying, integrating and optimizing companies on its platform.

The thriving closing of the transaction follows FOA submitting one more quarter of powerful economic and operating performance throughout its several strains of organization. FOA’s fourth quarter outcomes for the period of time finished December 31, 2020, drove record full-yr general performance of $500 million in pre-tax revenue that represented 541% 12 months about 12 months progress and exceeded the higher-close of the company’s advice array. These success further more exhibit the power of FOA’s diversified system, the demand for its goods throughout its addressable markets, and the performance of its asset and capital light business product.

“We are psyched to enter our future chapter of advancement as a publicly traded organization and look forward to capitalizing on the numerous alternatives in advance of us,” mentioned Patricia Prepare dinner, CEO of FOA. “Our value proposition is truly one of a kind supplied our verified capacity to innovate and deliver complementary money remedies that customers want and traders worth. These characteristics need to continue on to present us with a sustainable aggressive benefit. Today’s milestone would not be doable devoid of the help of absolutely everyone on our staff who has worked diligently and passionately to advance our mission.”

Brian Libman, Chairman and Founder of FOA, said, “What begun eight yrs ago as a novel concept to reinvent the regular finance business product has culminated in the sustained progress of a a single-of-a-sort, conclusion-to-stop customer lending platform that is able of conference the entire array of borrower requirements when at the identical time providing sturdy returns for buyers. I am proud and humbled to reach this stage in Finance of America’s evolution, and remain as fully commited as at any time to advancing the company’s strategic priorities.”

Edmond Safra, Co-CEO of Replay Acquisition, commented, “With its broad suite of items, multi-channel distribution community, unparalleled keep track of report of innovation and remarkable money effectiveness, Finance of The united states stands out amid its monoline market peers. Benefiting from several development vectors, Finance of The united states is redefining buyer lending in a method that must carry on to provide powerful price to prospects and buyers alike about the lengthy-time period.”

Ms. Cook dinner will go on to guide FOA with the aid of the company’s really seasoned administration workforce. The present-day proprietors of FOA, which contain administration, entities managed by Mr. Libman, and resources managed by Blackstone Tactical Prospects, will very own approximately 80% of the mixed firm.

Simpson Thacher & Bartlett LLP acted as legal advisor to Finance of The usa. Credit history Suisse Securities (United states of america) LLC acted as money markets advisor to Replay Acquisition. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC served as lead placement agents and Credit Suisse Securities (Usa) LLC served as placement agent for the PIPE. Greenberg Traurig, LLP acted as authorized advisor to Replay Acquisition.

More info about the completed transaction will be delivered in a Recent Report on Variety 8-K to be submitted by FOA with the Securities and Exchange Fee and obtainable at sec.gov.

About Finance of The us Businesses

Finance of The us is a diversified, vertically built-in purchaser lending platform. Solution offerings involve mortgages, reverse home loans, and loans to household genuine estate investors distributed across retail, 3rd social gathering community, and electronic channels. In addition, Finance of The usa presents complementary lending services to greatly enhance the customer knowledge, as nicely as cash markets and portfolio administration abilities to enhance distribution to investors. The Enterprise is headquartered in Irving, TX, and is a portfolio firm of the major world-wide asset manager, The Blackstone Team. The organization is detailed on the NYSE below the ticker symbol “FOA.” For extra info, remember to stop by www.financeofamerica.com.

About Replay Acquisition Corp.

Launched by Edmond Safra, Gregorio Werthein and Gerardo Werthein, Replay Acquisition Corp. was shaped for the goal of effecting a merger, amalgamation, share exchange, asset acquisition, share invest in, reorganization or related enterprise blend with a person or additional companies on industries that it believes have favorable prospective buyers and a high probability of making powerful danger-altered returns for its shareholders. www.replayacquisition.com

Forward-Hunting Statements

This press launch incorporates “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Replay Acquisition’s and FOA’s true effects might differ from their expectations, estimates, and projections and, therefore, you really should not count on these forward-wanting statements as predictions of foreseeable future occasions. Text these kinds of as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and equivalent expressions (or the destructive versions of this kind of text or expressions) are intended to identify these ahead-on the lookout statements.

Every of Replay Acquisition and FOA cautions readers not to spot undue reliance upon any ahead-wanting statements, which speak only as of the date created. Just about every of Replay Acquisition and FOA does not undertake or acknowledge any obligation or undertaking to release publicly any updates or revisions to any ahead-seeking statements to replicate any improve in its anticipations or any transform in activities, problems, or situations on which any this sort of assertion is primarily based.