Finance of America Companies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable, Net (Tables)

Notes Payable, Net (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of the outstanding notes payable

A summary of the outstanding notes payable, net, is presented in the table below (in thousands):


Description	Maturity Date	Interest Rate			June 30, 2021		December 31, 2020
					Successor		Predecessor
Senior Unsecured Notes	November 2025		7.9	%	$	350,000	$	350,000
Financing Agreement	January 2021		5.5	%		—		9

Total aggregate principle amount						350,000		350,009
Fair value adjustment, net of amortization (1)						3,718		—
Less: Debt issuance costs						—		(13,436	)

Total notes payable, net					$	353,718	$	336,573

(1)	In conjunction with the Business Combination discussed in Note 4, the Company was required to adjust the liabilities assumed to fair value, resulting in a premium on the Notes and the elimination of the previously recognized debt issuance costs.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details