Finance of America’s $350 Million Senior Notes Offering


Simpson Thacher advised Finance of America on the offering.

Finance of America executed its debut issuance and sale of $350 million of 7.875% Senior Notes due 2025. Finance of America intends to use approximately $300 million of the net proceeds from the notes offering to fund a distribution to its owners and to retain the remaining net proceeds, after offering expenses, for growth and general corporate purposes.

Finance of America is an end-to-end consumer lending and services platform which seamlessly connects borrowers with investors. In addition, Finance of America offers complementary lending services to its business partners and to enhance the customer experience, as well as capital markets and portfolio management capabilities to optimize distribution to investors. Finance of America is headquartered in Irving, Texas, and has an industry leading list of strategic and capital partners including funds managed by The Blackstone Group Inc., the leading global asset manager.

The Simpson Thacher team for the transaction included Josh Bonnie (Picture), Will Golden, Patrick McCamy, Claire DiMario and Samantha Sergent (Capital Markets – D.C.); Jon Ozner and Tony Rim (Capital Markets – NY); Jon Goldstein, Sophie Staples and Eli Shalam (Tax); Rajib Chanda and Steven Grigoriou (Registered Funds); and Greg Grogan, Jeanne Annarumma and Jason Fixelle (ECEB).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Rajib Chanda – Simpson Thacher & Bartlett; Claire DiMario – Simpson Thacher & Bartlett; Jason Fixelle – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; William Golden – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Steven Grigoriou – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Patrick McCamy – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Samantha Sergent – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Finance of America Holdings LLC;

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Author: Ambrogio Visconti