Press Release September 6, 2016

FirstCash Announces Completion of Merger of Equals

Alston & Bird client FirstCash, Inc., has completed the merger of equals between First Cash Financial Services, Inc., and Cash America International, Inc., two of the world’s leading pawn lenders.

The closing of the all-stock transaction was effective on September 1, 2016, and the new company began trading on the New York Stock Exchange under the ticker symbol “FCFS” on September 2, 2016.

The transaction creates the largest combined retail pawn store operator in the United States and Latin America, with total annual revenue of approximately $1.8 billion and more than 2,000 locations across four countries.

Advising FirstCash was an Alston & Bird team led by partners Steven PottleDavid E. Brown and Kyle Healy, assisted by partner Hill Jeffries and associates Daniel NisensonLogan Thore and Elaine Tapp (Corporate & Business Transactions); partners Sam Kaywood and Brian Harvel and associate Stefanie Kavanagh (Federal & International Tax); partners Adam Biegel and John Snyder and associate Max Marks (Antitrust); partner Kate Moseley and senior associate Stacie Cargill (Finance); partners John Shannon and Blake MacKay (Employee Benefits & Executive Compensation); partners David Teske and Jim Harvey and associate David Kuklewicz (Technology and Privacy); partner Nanci Weissgold, counsel Patrick Hanchey and associate Lauren Chase (Financial Services & Products); partner Brett Coburn (Labor & Employment); partner Jason Waite (International Trade & Regulatory); and partners John Jordak, Lisa Bugni and Darren McCarty, senior associate Matt Durfee and associates Courtney Quirós and Dan Felz (Securities Litigation).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222
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