General World News

Finance of America announces debt restructuring, staving off 2025 maturity risk

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is according to an announcement and an 8-K filing with the Securities and Exchange Commission (SEC) that was reviewed by HousingWire’s Reverse Mortgage Daily (RMD).

The company and the noteholders agreed to “an exchange of any and all of the outstanding 2025 unsecured notes” into two new secured tranches. The first is for up to $200 details ⇒

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