12:10:22 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,569,060
Close 2023-11-10 C$ 124.36
Market Cap C$ 2,060,528,302
Recent Sedar Documents

goeasy plans $550-million (U.S.) note offering

2023-11-13 11:20 ET - News Release

Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES PROPOSED OFFERING OF US$550 MILLION OF SENIOR UNSECURED NOTES

goeasy Ltd. plans to offer, subject to market and other conditions, $550-million (U.S.) aggregate principal amount of senior unsecured notes.

The actual terms of the notes, including interest rate, will depend on market conditions at the time of pricing. Concurrently with the offering, goeasy expects to enter into a 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 the notes.

goeasy intends to use the proceeds from the sale of the notes to finance the redemption of all of its outstanding 5.375 per cent senior unsecured notes due 2024.

The notes are expected to be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries.

The notes and related guarantees have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and the notes may not be offered or sold in the United States or to any U.S. persons unless the notes are registered under the Securities Act or pursuant to an exemption from the registration requirements of the Securities Act. This offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in compliance with Rule 903 of Regulation S under the Securities Act. Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.

About goeasy Ltd.

goeasy Ltd. is a Canadian company, headquartered in Mississauga, Ont., which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. Supported by approximately 2,400 employees, the company offers a wide variety of financial products and services including unsecured and secured instalment loans, merchant financing through a variety of verticals and lease-to-own merchandise. Customers can transact seamlessly through an omnichannel model that includes on-line and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and health care verticals, through over 9,100 merchant partners across Canada. Throughout the company's history, it has acquired and organically served over 1.3 million Canadians and originated over $12.1-billion in loans.

goeasy Ltd.'s common shares are listed on the TSX under the trading symbol GSY.

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