Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 95

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
ness of approximately £72.6 million as of June 30, 2025 ($98.7 million USD using GBP/USD exchange rate of 1.36), which the Company expects will remain outstanding following the closing of the H&T Acquisition. The Company intends to borrow on its Credit Facility to finance the H&T Acquisition, which may include the repayment of H&T’s outstanding indebtedness if such debt does not remain outstanding following the closing of the H&T Acquisition, and to pay related fees and expenses. The Company also entered into the Bridge Facility, which provides a backstop for the anticipated financing of the H&T Acquisition and satisfies 

19

the “certain funds” requirements under the United Kingdom City Code on Takeovers and Mergers. The H&T Acquisition is expected to be consummated in the third quarter of 2025, subject to the satisfaction of the remaining closing conditions, including, but not limited to, receipt of the required approvals by the FCA. Gold Forward Sales ContractsAs of June 30, 2025, the Company had contractual commitments to deliver a total of 72,500 gold ounces between July 2025 and June 2027 at a weighted-average price of $2,826 per ounce. The ounces required to be delivered over this time period are less than the historical volume of scrap gold normally produced, and the Company expects to have the required gold ounces to meet the commitments as they come due.

20

Note 10 - Segment Information 

The Company organizes its operations into three reportable segments as follows:•U.S. pawn•Latin America pawn•Retail POS payment solutions (American First Finance “AFF”)Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, (gain) loss on foreign exchange, merger and acquisition expenses, and other income, net, are presented on a consolidated basis and are not allocated between the U.S. pawn segment, Latin America pawn segment or retail POS payment solutions segment. Intersegment transactions relate to the Company offering AFF’s LTO payment solution in its U.S. pawn stores and are eliminated to arrive at consolidated totals.The following tables present reportable segment information for the three and six month periods ended June 30, 2025 and 2024 as well as certain segment assets (in thousands):Three Months Ended June 30, 2025 U.S.PawnLatin AmericaPawnRetail POSPaymentSolutionsCorporate/EliminationsConsolidatedRevenue:   Retail merchandise