16:06:48 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 13,674,191
Close 2018-09-27 C$ 53.94
Market Cap C$ 737,585,863
Recent Sedar Documents

goeasy increases financing to $40.4-million

2018-09-28 10:01 ET - News Release

Mr. David Ingram reports

GOEASY LTD. ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO C$40 MILLION

goeasy Ltd. has increased the size of the previously announced bought deal offering to 800,000 common shares, at a price of $50.50 per common share, for gross proceeds of $40.4-million. The offering is led by BMO Capital Markets, Raymond James Ltd. and Cormark Securities Ltd. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about Oct. 10, 2018, and is subject to goeasy receiving all necessary regulatory approvals.

Net proceeds of the offering will be used to support the growth of the easyfinancial consumer loan portfolio.

The common shares will be offered in all of the provinces of Canada, excluding Quebec, pursuant to the company's base shelf prospectus dated May 19, 2017, and may also be offered by way of private placement in the United States.

About goeasy Ltd.

goeasy is a leading full-service provider of goods and alternative financial services, providing 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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