04:41:10 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,795,567
Close 2024-07-19 C$ 187.83
Market Cap C$ 3,154,711,350
Recent Sedar Documents

goeasy arranges $150-million (U.S.) note offering

2024-07-22 14:01 ET - News Release

Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES PROPOSED OFFERING OF US$150 MILLION OF SENIOR UNSECURED NOTES

goeasy Ltd. plans to offer, subject to market and other conditions, $150-million (U.S.) aggregate principal amount of senior unsecured notes, which will have substantially identical terms as, and will be treated as a single series with, the company's 7.625 per cent unsecured notes due 2029 issued on Feb. 23, 2024.

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 for general corporate purposes, including the repayment of indebtedness. The notes will 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 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 2,500 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 10,000 merchant partners across Canada. Throughout the company's history, it has acquired and organically served approximately 1.4 million Canadians and originated over $13.5-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 2024 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, Greater Toronto Top Employers Award, and has been certified as a Great Place to Work. The company is represented by a diverse group of team members from over 70 nationalities who believe strongly in giving back to communities in which it operates. To date, goeasy has raised and donated over $5.6-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.

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

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.