Mr. David Ingram reports

GOEASY LTD. CLOSES US$150 MILLION OFFERING OF SENIOR UNSECURED NOTES

goeasy Ltd. has closed its offering of $150-million (U.S.) 7.875 per cent senior unsecured notes due Nov. 1, 2022. These notes were issued at a price of $1,050 (U.S.) per $1,000 (U.S.) principal amount. Concurrently with the offering, goeasy entered into a cross currency swap agreement to fix the foreign currency exchange rate for the proceeds from the offering and for all required payments of principal and interest under these notes. After giving effect to the currency swap, the Canadian-dollar equivalent yield to maturity on these notes will be 6.17 per cent per annum.

goeasy estimates the net proceeds from the offering will be approximately $203-million after deducting fees and estimated expenses. goeasy intends to use the net proceeds from the sale of these notes to expand its consumer loans receivable portfolio, for general corporate purposes, and to pay fees and expenses of the offering including fees associated with the currency swap.

"We are pleased to have completed our most recent round of financing," said David Ingram, goeasy's chief executive officer. "Our ability to raise capital at increasingly lower rates, coupled with our enhanced revolving credit facility, will allow us to continue to grow our business unencumbered so that we can provide even more Canadians with the financial support they require as they rebuild their credit and ultimately graduate to prime rates."

About goeasy Ltd.

goeasy is a leading full-service provider of goods and alternative financial services that provides everyday Canadians with a chance for a better tomorrow, today. goeasy serves its customers through two key operating divisions, easyfinancial and easyhome. easyfinancial is a non-prime consumer lender that bridges the gap between traditional financial institutions and costly payday lenders. easyhome is Canada's largest lease-to-own company, offering brand-name household furniture, appliances and electronics to consumers under weekly or monthly leasing agreements through both corporate and franchise stores.

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