Terms and Extra Details

Beneath the regards to the contract, that has been unanimously authorized by the boards of directors of both businesses, money America investors will be given a set change ratio of 0.84 First Cash shares for every Cash America share they own. Following close associated with the transaction, First money investors will have about 58% of this combined business, and money America investors will have around 42%.

Following closing regarding the deal, FirstCash should be headquartered in Fort Worth, Texas.

Pending conclusion for the deal, both organizations expect you’ll continue steadily to spend quarterly money dividends under each company’s existing dividend policy and particular stock repurchase programs will undoubtedly be suspended.

The transaction is anticipated to shut within the half that is second of, susceptible to the satisfaction of customary closing conditions, the termination or termination of this applicable Hart-Scott-Rodino waiting period and approvals because of the shareholders of both First money and Cash America.

Credit Suisse is serving as lead advisor that is financial First Cash and Comstock Capital & Advisory Group, LLC and Pi Capital Global LLC additionally served as monetary advisors to First money. Alston & Bird LLP is serving as a lawyer to First money. Jefferies LLC is serving as exclusive advisor that is financial money America, and Hunton & Williams LLP is serving as a lawyer to money America.

Conference Call and Webcast

First Cash and money America will host a conference that is joint and webcast today, April 28, at 8:00 a advance financial 24/7 phone number.m. ET (7:00 a.m. CT) to discuss the merger transaction along with both businesses’ first quarter 2016 results that are financial that have been individually established today.

The dial-in number is (212) 231-2930. Individuals should dial in ten minutes ahead of the planned begin time.

A hyperlink towards the webcast replay will shortly be available following the call concludes regarding the organizations’ investor relations web sites. A replay may additionally be accessed for 72 hours by dialing toll-free: (800) 633-8284 or +1-402-977-9140 for worldwide callers. The replay verification rule is 21776991.

About First Cash

With more than 1,270 retail and consumer lending places in the U.S., Mexico, Guatemala and El Salvador, First Cash Financial solutions, Inc. is a prominent worldwide operator of pawn shops. First Cash concentrates on serving money and credit constrained consumers through its retail pawn areas, which purchase and sell a wide array of precious jewelry, electronic devices, energy tools, household devices, sports, musical instruments along with other product, while making little customer pawn loans secured by pledged individual home. Roughly 97% regarding the Company’s revenues are from pawn operations.

First Cash is really a company that is component both the conventional & Poor’s SmallCap 600 Index ® plus the Russell 2000 Index ® . First Cash’s stock that is common symbol “FCFS”) is traded in the NASDAQ worldwide choose marketplace, that has the greatest initial listing criteria of every stock exchange on the planet according to economic and liquidity needs.

About Money America

At the time of March 31, 2016, Cash America Global, Inc. operated 892 locations that are total the usa providing pawn lending and related solutions to customers, including the immediate following:

  • 819 financing areas in 20 states in america primarily beneath the names “Cash America Pawn,” “SuperPawn,” “Cash America pay day loan,” and “Cashland;” and
  • 73 check cashing facilities (all of these are unconsolidated franchised check cashing facilities) working in 12 states in america underneath the name “Mr. Payroll.”

For more information regarding money America together with solutions it offers, look at the website that is company’s at: http://www.cashamerica.com or down load the bucks America mobile software without expense through the App Store℠ and on Bing Play™.

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