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)

3 Months Ended

Mar. 31, 2022

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	March 31, 2022		December 31, 2021
Senior Unsecured Notes	November 2025	7.9%	$	350,000	$	350,000
Fair value adjustment, net of amortization (1)				3,196		3,383

Total notes payable, net			$	353,196	$	353,383

(1)	In conjunction with the Business Combination, 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