Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED OFFERING OF SENIOR UNSECURED NOTES AND UPSIZING TO US$200 MILLION

goeasy Ltd. has priced $200-million (U.S.) aggregate principal amount of 7.625 per cent senior unsecured notes due 2029 (the new notes), an increase from the previously announced transaction size of $150-million (U.S.). The new notes will be issued at a price of $1,018.75 (U.S.) per $1,000 (U.S.) principal amount, plus accrued interest from July 1, 2024. The new notes have substantially identical terms (other than issuance price, date of issuance and the date from which interest initially accrues) 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. An aggregate of $600-million (U.S.) principal amount of notes will be outstanding after closing of the offering.

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, which it expects will reduce the effective cost of borrowing of the new notes when converted into Canadian currency.

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

goeasy estimates the net proceeds from the offering will be approximately $275.8-million, based on the Bank of Canada daily rate on July 19, 2024, for the Canadian-dollar/United States-dollar exchange rate, after deducting fees and estimated offering expenses, and subject to adjustment as a result of the currency swap. goeasy intends to use the proceeds from the sale of the new notes for general corporate purposes, including the repayment of indebtedness.

The offering of the new notes is expected to close on July 25, 2024, subject to customary closing conditions.

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.

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