CURO Group Holdings Corp. (NYSE:CURO) agreed to acquire First Heritage Credit LLC for $140 million on May 18, 2022. The aggregate consideration payable is $140 million in cash subject to certain customary working capital and other adjustments. In a related transaction, Curo Intermediate Holdings Corp. sold all of the issued and outstanding equity interests of certain subsidiaries related to the Company's Speedy Cash, Rapid Cash and Avio Credit businesses along with specified assets related to the Business, for a purchase price of $310 million cash to Sparrow Purchaser, LLC. In the event of termination of the agreement, Buy Side Termination Fee shall be $4.2 million. Consummation of the transaction is subject to expiration or termination of the applicable waiting period under the HSR Act, receipt of certain regulatory approvals and licenses. The transaction has been approved by CURO Group Holdings Corp.'s Board of Directors and the Board of Directors of First Heritage Credit LLC. The transaction is expected to close within next 45 days. Jefferies LLC served as financial advisor and Timothy M. Fesenmyer of King & Spalding LLP served as legal counsel to CURO Group Holdings Corp. Stephens Inc. served as financial advisor and Benjamin W. Roberson of Butler Snow served as legal counsel to First Heritage Credit.