Company: FCFS
Filing Date: 2025-05-14
Form Type: 8-K
Source: 0000840489-25-000067
Chunk: 4

Company: FirstCash Holdings, Inc.
Filing Date: 2025-05-14
Form: 8-K
Item: Item 8.01
Chunk 4
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Item 8.01. Other Information

Amendment to Revolving Credit Facility

The Company currently envisages drawing down funds under its existing U. S. revolving unsecured credit facility (as further described below) prior to the closing of the Acquisition to permit Bidco to finance the Acquisition and to pay related fees and expenses, including potential repayment of H& T’s outstanding indebtedness.

To this end, in connection with the Rule 2.7 Announcement, the Company and its wholly-owned subsidiary, FirstCash, Inc., entered into the Ninth Amendment to its Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and a syndicate of commercial banks for its existing U. S. revolving unsecured credit facility (the “ Credit Facility”) to, among other things, (i) increase the non-loan party investment basket from 20% of consolidated net worth (as defined in the Credit Facility) to 25% of consolidated net worth, permitting FirstCash, Inc. or its domestic subsidiaries to make investments in foreign subsidiaries up to the greater of $350,000,000 or 25% of consolidated net worth, (ii) increase the leverage ratio (as defined in the Credit Facility) from 3.25 to 1.00 (a) to 3.75 to 1.00 for each of the fiscal quarters ending June 30, 2025, September 30, 2025, and December 31, 2025, (b) to 3.50 to 1.00 for each of the fiscal quarters ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026 and (c) thereafter back to 3.25 to 1.00, and (iii) restrict the ability of the Company to conduct (A) share repurchases to 50% of the prior quarter’s consolidated net income if the leverage ratio is between 3.50 to 1 and 3.25 to 1.00, (B) share repurchases to 75% of the prior quarter’s consolidated net income if the leverage ratio is between 3.25 to 1.00 and 3.00 to 1.00 and (C) share repurchases to 0% of the prior quarter’s consolidated net income if the leverage ratio is greater than or equal to 3.50 to 1.00 for any fiscal