FirstCash Holdings Enters Material Agreement, New Financial Obligation

TL;DR

**FirstCash just took on new debt and signed a big deal, watch for details!**

AI Summary

FirstCash Holdings, Inc. filed an 8-K on February 21, 2024, reporting an entry into a material definitive agreement and the creation of a direct financial obligation. The filing indicates the company, based in Fort Worth, TX, with CIK 0000840489, is engaged in retail-miscellaneous retail. This report, filed under SEC File Number 001-10960, details events from February 21, 2024.

Why It Matters

This filing signals FirstCash Holdings has undertaken significant new commitments, which could impact its financial health and future operations, potentially affecting its stock performance.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation without specific details on its nature or amount introduces uncertainty and potential risk to the company's balance sheet.

Key Numbers

• 001-10960 — SEC File Number (Identifies the specific SEC registration for FirstCash Holdings, Inc.)
• 0000840489 — CIK (Central Index Key for FirstCash Holdings, Inc.)
• 20240221 — Filing Date (Date the 8-K was filed with the SEC.)

Key Players & Entities

• FirstCash Holdings, Inc. (company) — Registrant
• 001-10960 (dollar_amount) — SEC File Number
• February 21, 2024 (date) — Date of Report
• Fort Worth, TX (location) — Business Address
• Delaware (location) — State of Incorporation

FAQ

Key Financial Figures

• $500,000,000 — reviously announced private offering of $500,000,000 of 6.875% senior notes due 2032 (the "N

Filing Documents

• tm246771d1_8k.htm (8-K) — 29KB
• tm246771d1_ex4-1.htm (EX-4.1) — 987KB
• tm246771d1_8k-img001.jpg (GRAPHIC) — 25KB
• 0001104659-24-026057.txt ( ) — 1422KB
• fcfs-20240221.xsd (EX-101.SCH) — 3KB
• fcfs-20240221_lab.xml (EX-101.LAB) — 33KB
• fcfs-20240221_pre.xml (EX-101.PRE) — 22KB
• tm246771d1_8k_htm.xml (XML) — 3KB

01 Entry into

Item 1.01 Entry into a Material Definitive Agreement. On February 21, 2024, FirstCash Holdings, Inc. (the "Company") closed its previously announced private offering of $500,000,000 of 6.875% senior notes due 2032 (the "Notes") issued by the Company's wholly-owned subsidiary, FirstCash, Inc. (the "Issuer"). The Notes are unsecured senior obligations of the Issuer and are guaranteed by the Company and its domestic subsidiaries that guarantee its revolving unsecured credit facility and existing senior unsecured notes. The Notes were sold in a private placement in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended, pursuant to a purchase agreement among the Issuer, the Company and the other guarantors listed therein and Jefferies LLC, as representative of the initial purchasers. The Notes were issued pursuant to an indenture (the "Indenture"), dated as of February 21, 2024, by and among the Issuer, the Company and the other guarantors listed therein and BOKF, NA, as trustee. The Indenture provides that interest on the Notes will accrue from February 21, 2024 and is payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2024, and that the Notes mature on March 1, 2032. The Issuer may redeem some or all of the Notes at any time on or after March 1, 2027, at the redemption prices set forth in the Indenture, plus accrued and unpaid interest up to, but not including, the redemption date. Prior to March 1, 2027, the Issuer may redeem some or all of the Notes at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, plus the "make-whole" premium set forth in the Indenture. The Issuer may redeem up to 40% of the Notes on or prior to March 1, 2027 with the proceeds of certain equity offerings at the redemption prices set forth in the Indenture. If the Company or any of its restricted subsidiaries sells certain assets or if the Company consummates certain c

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above and the full text of the Indenture, which is attached hereto as Exhibit 4.1 is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: 4.1 Indenture, dated as of February 21, 2024, by and among FirstCash, Inc., the guarantors listed therein and BOKF, NA (including the form of Note attached as an exhibit thereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: February 21, 2024 FIRSTCASH HOLDINGS, INC. (Registrant) /s/ R. DOUGLAS ORR R. Douglas Orr Executive Vice President and Chief Financial Officer (As Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR