FCFS - FirstCash to acquire American First Finance for $1.17B in cash and stock

American First Finance ('AFF') is a technology-driven point-of-sale payments platform focused on serving credit constrained consumers. Per the terms, the total consideration payable at closing is valued at ~$1.17 billion, based on FirstCash’s (NASDAQ:FCFS) closing stock price on October 26, 2021, consisting of ~8.05M shares of common stock and $406M in cash. The acquisition establishes FirstCash's entry into a large and growing point-of-sale payments market; Provides significant revenue and earnings growth opportunities. The deal is subject to a net debt adjustment of Up to an additional $300M of consideration is payable if AFF achieves performance targets through H123. Following the close, AFF will operate as a separate Dallas-based business unit within FirstCash led by Howard Hambleton, AFF's President and CEO, and the rest of its current management team. The transaction is expected to be ~15% accretive to adjusted EPS in 2022, with further accretion expected in 2023. Adjusted EBITDA accretion is

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FirstCash to acquire American First Finance for $1.17B in cash and stock