FirstCash, Inc. (FCFS) has amended its agreement to acquire American First Finance Inc. The amendment provides for additional contingent consideration of up to $75 million, to be based on the company's stock performance through February 28, 2023. The amendment also provides for a fixed $25 million working capital payment payable December 31, 2022.

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FirstCash, Inc. (FCFS) has amended its agreement to acquire American First Finance Inc. The amendment provides for additional contingent consideration of up to $75 million, to be based on the company's stock performance through February 28, 2023. The amendment also provides for a fixed $25 million working capital payment payable December 31, 2022.

RTTNews | Dec 7, 2021 07:57AM EST

07:56 Tuesday, December 7, 2021 (RTTNews.com) - FirstCash, Inc. (FCFS) has amended its agreement to acquire American First Finance Inc. The amendment provides for additional contingent consideration of up to $75 million, to be based on the company's stock performance through February 28, 2023. The amendment also provides for a fixed $25 million working capital payment payable December 31, 2022.

The transaction is now valued at approximately $916 million, compared to the estimated valuation at the time of announcement of $1.17 billion. The total consideration payable to the seller at closing remains unchanged.

Rick Wessel, FirstCash CEO, said: "In light of the recent volatility in our stock price, we believe that amending the transaction and proceeding with it is in the best interests of our shareholders, customers and employees."

Read the original article on RTTNews ( https://www.rttnews.com/3247439/firstcash-amends-agreement-with-american-first-finance-quick-facts.aspx)

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