We advised the representative of the initial purchasers on the high-yield offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering by FirstCash, Inc. of $750 million aggregate principal amount of its 6.125% senior notes due 2034.

FirstCash is the leading international operator of pawn stores and a leading provider of technology-driven point-of sale payment solutions, both focused on serving cash- and credit-constrained consumers. FirstCash’s approximately 3,300 pawn stores in the United States, Latin America and the United Kingdom. buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise and make small non-recourse pawn loans secured by pledged personal property. FirstCash, through its wholly owned subsidiary, AFF, also provides lease-to own and retail finance payment solutions for consumer goods and services through a nationwide network of approximately 16,600 active retail merchant partner locations. As one of the largest omni-channel providers of “no credit required” payment options, AFF’s technology provides its merchant partners with seamless leasing and financing experiences in-store, online, in-cart and on mobile devices.

The Davis Polk capital markets team included partner Michael Kaplan and associates Kanger Jin, Muxuan (Muriel) Wang and David J. Kilduff. Partner Corey M. Goodman and associate David J. Beer provided tax advice. Associate Kirill Lebedev provided financial institutions regulatory advice. All members of the Davis Polk team are based in the New York office.

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