06:54:24 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,624,931
Close 2024-02-22 C$ 162.11
Market Cap C$ 2,695,067,564
Recent Sedar Documents

goeasy closes $400-million (U.S.) note offering

2024-02-23 11:33 ET - News Release

Mr. Jason Mullins reports

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

goeasy Ltd. has closed its previously announced offering of $400-million (U.S.) aggregate principal amount of senior unsecured notes due 2029. 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 7.195 per cent per annum. Before giving effect to the Currency Swap, the coupon on the notes is 7.625 per cent per annum. goeasy will use the net proceeds from the sale of the notes to partially repay indebtedness under its secured facilities and for general corporate purposes.

"We are pleased to announce the closing of our most recent series of unsecured notes, which were oversubscribed, further highlighting the confidence in our business," said Jason Mullins, goeasy's president and chief executive officer. "This financing increases our liquidity to over $1.3-billion and supports financing our recently announced growth plans."

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, powersports, 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.

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