Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 51

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 51
---
 260, Earnings Per Share, these units are not included in the diluted weighted average shares outstanding of Class A Common Stock for the three and nine months ended September 30, 2024 and 2023.

21. Subsequent Events

2025 Unsecured Notes Exchange

On October 31, 2024, FoA Equity, FOAF, and certain of their respective direct and indirect subsidiaries who act as guarantors completed an exchange with certain existing noteholders of FOAF’s 2025 Unsecured Notes. Existing noteholders, representing 97.892% of the aggregate principal amount outstanding of the 2025 Unsecured Notes, exchanged their respective 2025 Unsecured Notes in consideration for (i) the issuance of (a) $ 195,783,947of FOAF’s new 7.875% Senior Secured Notes due 2026, with FOAF’s option to extend until 2027, (b) $ 146,793,000of FOAF’s new 10.000% Exchangeable Senior Secured Notes due 2029, and (ii) cash consideration of $ 856,555. Further, such existing noteholders consented to an amendment of the indenture governing the 2025 Unsecured Notes which eliminated substantially all of the restrictive covenants, certain events of default, and certain other provisions contained in the 2025 Unsecured Notes.

Deferred equity related to AAG Transaction

Pursuant to the terms of the asset purchase agreement relating to the AAG Transaction, FoA Equity was required to issue certain Class A LLC Units to AAG/Bloom upon the satisfaction of certain control conditions which consisted of various regulatory approvals and consents. Such control conditions were satisfied on October 29, 2024 and on such date, FoA Equity issued 705,841Class A LLC Units to AAG/Bloom in accordance with the terms of the asset purchase agreement relating to the AAG Transaction. Refer to Note 3 - Acquisitions for additional information.

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## Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion of our financial condition and results of operations should be read together with our condensed consolidated financial statements and related notes. This discussion and analysis contains forward-looking statements that involve risk, uncertainties, and assumptions. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of many factors. Except where the context otherwise requires, the terms “Finance of