14:33:54 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,624,931
Close 2024-02-20 C$ 172.48
Market Cap C$ 2,867,468,099
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goeasy arranges $400-million (U.S.) note offering

2024-02-20 09:04 ET - News Release

Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES PROPOSED OFFERING OF US$400 MILLION OF SENIOR UNSECURED NOTES

goeasy Ltd. plans to offer, subject to market and other conditions, $400-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.

goeasy intends to use the proceeds from the sale of the notes to partially repay indebtedness under its secured facilities and for general corporate purposes.

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

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 over 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, power sports, automotive, home improvement and health care verticals through over 9,500 merchant partners across Canada. Throughout the company's history, it has acquired and organically served over 1.3 million Canadians and originated over $12.8-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 2023 Best Workplaces in Financial Services & Insurance, 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, ranking on the TSX30 and receiving the 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 the communities in which the company operates. To date, goeasy has raised and donated over $5.5-million to support its long-standing partnerships with BGC Canada and many other local charities. In 2023, the company announced a three-year, $1.4-million commitment to BGC Canada's Food Fund to help address the rising issue of food insecurity amongst Canadian households.

goeasy's common shares are listed on the research and development under the trading symbol GSY.

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