Pursuant to the Registration Rights Agreement, upon The Reporting Persons undertake to provide to the Issuer, The Grant Date RSUs will be settled on or promptly following the 181st date following the Closing Date. Refine Your Search Results. Top-tier institutional investors have committed to invest $250 million in the form of a PIPE at a price of $10.00 per share of the combined companys Class A common stock immediately prior to the closing of the transaction. Source and Amount of Funds or Other Consideration, Pursuant to the Transaction Agreement dated as of October12, 2020, between Replay Acquisition Corp. (Replay), Finance of America Ms. Corio currently serves as a Senior Managing Director at OEP. Stockholders Agreement (incorporated by reference to Exhibit 10.2 to the Issuers Current Report on Form 8-K filed on April7, 2021). in light of the Issuers business, financial condition and operating results, general market and industry conditions or other factors. In connection with the It is anticipated that the combined company will begin with a minimum of $250 million of cash and cash equivalents. below) pursuant to Section12.18 of the Transaction Agreement (the Continuing Unitholder Representative), Replay agreed to combine with FoA in a series of transactions (collectively, the Business of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any Our management has consistently sought to focus on the best outcomes for our business and investments over a period of years rather than . The guiding principle of Customers First, Last and Always has helped drive Finance of Americas success. In addition, in connection with the Business Combination, the Issuer issued to each of the Continuing Unitholders, including LFH and for any 20 trading days within any 30 trading day period, and one-half will be issued if the volume-weighted average price of the ClassA Common Stock exceeds $15.00 for any 20 trading days within any 30 Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Board Members. purchased with available cash on hand. Each holder of FoA Units (other than the Issuer and its subsidiaries), Based on such review, the Reporting Persons may acquire, or cause to be disposed, such securities at any time or formulate other purposes, plans or proposals regarding the Issuer or any of its securities, to the extent deemed advisable brian libman blackstone. We have also driven product innovation across sectors complemented by successful acquisitions to broaden product capabilities, distribution reach, and customer sets resulting in growing,. Mr.Libman intends to be involved in approvals or recommendations with respect to the issuance of additional securities of the Issuer to other employees of the Issuer or its subsidiaries. (11)Excludes Certain Shares (See Instructions), Percent of ClassRepresented by Pursuant to the Stockholders Agreement, each of certain funds affiliated with Blackstone (the ClassA Common Stock, and 8,564,208 Earnout Rights held by LFH; and (iii) 1,941,876 FoA Units and 227,712 Earnout Rights held by TMO. The Reporting Persons intend to review on a continuing basis their investment in of 85% of the cash tax benefits, if any, that the Issuer is deemed to realize (calculated using certain simplifying assumptions) as a result of (i)tax basis adjustments as a result of sales and exchanges of units in connection with or complete and correct. Agreement, the Issuer and FoA issued an aggregate of 18,000,000 Earnout Securities to the Blocker Shareholders (defined below) (in the case of issuances by the Issuer) and to Blocker GP and the Continuing Unitholders (in the case of issuances by Board of Directors :: Finance of America Companies Inc. (FOA) 57 %. Before joining Blackstone in 2019, Mr. Kaufman was the Managing Partner of The Kaufman Companies, a privately held hospitality asset management, development and investment group in the U.S. and Europe. In June, Blacksttone figured into another sale across town. Business Combination, concurrently with the Closing, the Issuer and the Principal Stockholders entered into a Registration Rights Agreement (the Registration Rights Agreement). The Reporting Persons own Cash proceeds for the new company will include the PIPE capital and $288 million of cash in trust from Replay Acquisition. following the Business Combination and certain distributions with respect to units, (ii)the Issuers utilization of certain tax attributes attributable to Blocker or holders of limited liability company interests of Blocker outstanding Blackstone is a full-service, private-equity funded investment bank based out of New York. All subsequent written and oral forward-looking statements concerning Replay Acquisition, Finance of America or New Pubco, the transactions described herein or other matters and attributable to Replay Acquisition, Finance of America, New Pubco or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. keep free and clear of any pledge or other encumbrance a number of FoA Units or shares of ClassA Common Stock, respectively to satisfy their settlement obligations under the LTIP Award Settlement Agreement. The principal business of Mr.Libman is managing the affairs of LFH and TMO, including with respect to their investment in the Issuer and, in such capacity, serves as Chairman of the Issuer. Brian Lewis Libman - Biography - MarketScreener.com in Economics from LeMoyne College. will continue to evaluate the possibility of acquiring additional shares of ClassA Common Stock. not treated as a publicly traded partnership for U.S. federal income tax purposes. Mr. Libman submatriculated with honors from The Wharton School at the University of Pennsylvania, having earned both his M.B.A. and B.S.E. the demand of any Principal Stockholder, the Issuer will be required to facilitate anon-shelfregistered offering of the Issuers shares requested by such Principal Stockholder to be included Blackstone Tactical Opportunities, a subsidiary of Blackstone Group, will own 70% of the combined company, which is valued at $1.9 billion. Initiatives include the Finance of America Foundation in partnership with former Congressman Barney Frank providing support, education and relief to distressed borrowers, and Finance of America Cares, a nonprofit organization created in partnership with employees to serve local community needs. Over half of the sponsors founder shares of Replay Acquisition will be deferred and subject to share price hurdles. 1550, Irving, Texas 75039. the Blackstone Investors and the BL Investors will separately be entitled to designate to the Board increases and/or decreases on a sliding scale such that, for example, if the Blackstone Investors or the BL Investors, as the case may be, hold more Directors of the Issuer, Mr.Libman intends to continue taking an active role in the Issuers management. . In connection with the acquisitions described in this Schedule 13D, the Reporting Persons have evaluated and Brian L. Libman oversees our Company's business strategy and has served as the Chairman of our board of directors since the closing of the Business Combination. White man who allegedly stabbed Black man to death released on bond RSUs if the Issuer achieves specified volume-weighted average price per share targets of $12.50 per share and $15.00 per share during the six year period following the transaction, subject to continued employment. Prior to joining Goldman Sachs & Co. LLC in 1999, he was founder and CEO of Greenthal Realty Partners LP and GRP Financial LLC from 1992 to 1999. The shares of ClassB Common Stock have no economic rights, but entitle each holder, purchased in multiple transactions ranging from $5.11 to $5.35, inclusive); (iii) on August18, 2021, Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 36,140 and 102,860 shares, respectively, at a weighted The Lickles have moved to a condominium in downtown West Palm Beach, Bill Lickle, a retired banker, told the Daily News in a February article. Blackstone-backed Finance of America to merge with Replay Acquisition Email. 06880. We have also driven product innovation across sectors complemented by successful acquisitions, to broaden product capabilities, distribution reach, and customer sets resulting in growing, cycle-resistant earnings, said Brian Libman, Chairman and Founder of Finance of America. Mr. Lord holds a B.S. The information provided or incorporated by reference in Item 3 is hereby incorporated by reference herein. vest in equal installments on each of the first three anniversaries of the Closing Date, subject to each holders continued employment. Meanwhile, Cook and Brian Libman, the founder of Finance of America, worked with West, a partner in Centerbridge, during their days as executives at Green Tree Servicing (a company that was merged into the now-defunct Ditech). I upgraded everything the kitchen, twice, he said. Letter Agreement, dated April 5, 2021, by and among Continuing Unitholder Representative and Replay All rights reserved. In connection with the Business Combination, concurrently with the Closing, the Issuer, FoA and the Continuing Unitholders entered into an Exchange Agreement Exhibit 2.2 . a grant date fair value of $10.00 per share. The transaction is expected to close in the first half of 2021. 2. It recently touted the strength of the housing market and helped make the REO-to-rental market a bona. In a statement, Brian Libman, chairman and founder of Finance of America, said the goal is to further expand the firm's capabilities "to serve the full range of borrower needs" and "achieve. Form 8-K filed on April7, 2021). Engage via Email. Blackstone's 'New' Mortgage Company Can't Take Apps Over the Web Until Brian Lewis Libman, 57 - New Canaan, CT - MyLife Meet the Blackstone BXLS Life-Sciences Investing Team: Interviews Persons. Agent Elizabeth DeWoody of Compass Florida handled the buyers end of the sale. Finance of America expands, brings B2R Finance, Jordan - HousingWire Prior to her role at American Express Global Business Travel, Ms. Corio served as Co-President of Miller Buckfire from April 2013 to May 2014. the beneficial owner of the ClassA Common Stock referred to herein for purposes of Section13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial Mr. West previously served as Partner and Senior Managing Director of Centerbridge Partners and former Chairman & CEO of Centerbridge Partners Europe from 2006 to 2018. Brian Lee Anderson (age 63) from Ocean Shores, Wa and has no known political party affiliation. Collectively, the Reporting Persons and Blackstone and its affiliates may be deemed to beneficially own in the aggregate 152,749,861 shares of ClassA Common Stock, Our daily newsletter is FREE and keeps you up to date with the world of mortgage. (c) Except as set forth in Item 3 of this Schedule 13D, none of the Reporting Persons Combination, the Blackstone Investors and the BL Investors entered into a letter agreement pursuant to which the Blackstone Investors and the BL Investors agreed, among other things, to permit the Blackstone Investors to have priority over the BL CONFIDENTIAL . Brian Lee Anderson's Washington Voter Registration. Robert W. Lordjoined the Companys board of directors upon the closing of the Business Combination. Mr. Pratcher holds a J.D. Unitholders and Blocker Shareholders will deliver to the Issuer FoA Units and shares of ClassA Common Stock, respectively, in settlement of the awards in accordance with the terms set forth in the LTIP Award Settlement Agreement. In the deal on Nightingale Trail, listing agent Maryann Chopp of Sotheby's International Realty acted opposite agent Gary Pohrer of Douglas Elliman Real Estate. Mr. Safras partners on the transaction include Lance West, former Senior Managing Director of Centerbridge Partners and former Chairman & CEO of Centerbridge Partners Europe. ownership of such shares of ClassA Common Stock. $5.20, inclusive); (ii) on August17, 2021, Mr.Libman and an entity for which Mr.Libman serves as a trustee purchased 15,896 and 45,241 shares, respectively, at a weighted average price of $5.24 per share (these shares were Mr. Lord has served as an IBM Senior Vice President of the Weather Company and IBM Alliances since January 2022. 11/21/2022 3:24 AM. By virtue of the Stockholders Agreement (as defined below), the Reporting Persons and affiliates The principal business of The sellers made a variety of changes to the property over the years, expanding the house with a second-story addition and extending the living room onto a lakeside terrace. Share. To listen to the prepared remarks, please visit here or dial 1-844-385-9713. individuals nominated as the Companys directors in accordance with the terms of the Stockholders Agreement. Beyond product offerings, the Company offers ancillary services to its partners and to enhance the customer experience, resulting in incremental fee income. In addition, subject to certain requirements, the Blackstone Investors and the BL Investors are generally permitted to exchange FoA Units Blackstone Brian Matesic co-led Blackstone's $337 million product investment in Medtronic to fund the development of. He began his career at Lehman Brothers and spent more than a decade developing the loan acquisition, servicing and lending businesses there, including the creation of Aurora Loan Services, one of the nations leading alternative mortgage originators and servicers. Home - Blackstone - Quarter Midgets of America
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