05:53:39 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,569,060
Close 2023-11-28 C$ 131.37
Market Cap C$ 2,176,677,412
Recent Sedar Documents

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

2023-11-28 16:19 ET - News Release

Mr. Jason Mullins reports

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

goeasy Ltd. has closed its previously announced offering of $550-million (U.S.) aggregate principal amount of senior unsecured notes due 2028. As announced on Nov. 14, 2023, in connection with the offering of the notes, goeasy also entered into a currency swap agreement to reduce the Canadian-dollar equivalent cost of borrowing on the notes to 8.79 per cent per annum. Before giving effect to the currency swap, the coupon on the notes is 9.25 per cent per annum. goeasy will 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.

About goeasy Ltd.

goeasy is a Canadian company, headquartered in Mississauga, Ont., that 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, goeasy has acquired and organically served over 1.3 million Canadians and originated over $12.1-billion in loans.

Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards in recognition of its exceptional culture and continued business growth, including Waterstone Canada's Most Admired Corporate Cultures, ranking on the 2022 Report on Business Women Lead Here executive gender diversity benchmark, placing on the Report on Business ranking of Canada's Top Growing Companies and ranking on the TSX30, Greater Toronto Top Employers Award, and it has been certified as a Great Place to Work. The company is represented by a diverse group of team members from 78 nationalities who believe strongly in giving back to communities in which goeasy operates. To date, goeasy has raised and donated over $5.2-million to support its long-standing partnerships with BGC Canada and many other local charities.

goeasy's common shares are listed on the Toronto Stock Exchange under the trading symbol GSY.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.