FirstCash Holdings, Inc. 8K

Chess Bidco Limited, an indirect wholly owned subsidiary of FirstCash Holdings, Inc., has declared a final* revised recommended cash offer to acquire Ramsdens Holdings PLC via a UK scheme of arrangement for up to 684 pence per share, valuing Ramsdens at about £232 million and supported by board recommendation, committed financing, and shareholder undertakings.

On July 16, 2026, Chess Bidco Limited, an indirect wholly owned subsidiary of FirstCash Holdings, Inc., and Ramsdens Holdings PLC jointly announced a final* revised recommended cash offer under the UK Takeover Code, increasing the consideration for the proposed acquisition of Ramsdens to a total value of up to 684 pence per share (675 pence in cash from Bidco plus up to 9 pence of previously-declared interim and special dividends) to be implemented by a court-sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006. The revised offer values Ramsdens’ fully diluted equity at up to approximately £232 million and implies a pre‑IFRS 16 enterprise value of about £229 million, representing substantial premiums to Ramsdens’ historical share prices. The announcement details financing arrangements including expected use of FirstCash’s amended and restated US revolving credit facility and a £239 million amended bridge credit agreement with Jefferies Finance LLC as a backstop to satisfy UK “certain funds” requirements, and includes a cash confirmation from Jefferies. Bidco has secured binding irrevocable undertakings from Ramsdens directors and letters of intent from key shareholders covering approximately 17.25% of Ramsdens’ issued share capital, and the Ramsdens board, advised by Cavendish, unanimously continues to recommend that shareholders vote in favor of the scheme at the court and general meetings, noting that Bidco has declared this revised offer final* except in limited circumstances such as a competing proposal.

Filing Facts

CIK

840489

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-084072

Alert Tier

8