Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES CLOSING OF US$20 MILLION OFFERING OF SENIOR UNSECURED NOTES

goeasy Ltd. has closed its previously announced offering of $200-million (U.S.) aggregate principal amount of 7.625 per cent senior unsecured notes due 2029 (the new notes), which was upsized from $150-million (U.S.) at the initial time of offering. The new notes were 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 (together with the new notes, the notes). An aggregate of $600-million (U.S.) principal amount of notes is outstanding following closing of the offering.

In connection with the offering of the new notes, goeasy also entered into a currency swap agreement to reduce the Canadian-dollar equivalent cost of borrowing of the new notes to 6.38 per cent per annum. goeasy intends to use the net proceeds from the sale of the new notes for general corporate purposes, including the repayment of indebtedness.

"We are pleased to announce the closing of our unsecured notes offering, which was oversubscribed, highlighting the confidence in our business," said Hal Khouri, goeasy's executive vice-president and chief financial officer. "We are pleased that the Canadian-dollar-equivalent cost of borrowing at 6.38 per cent per annum is down from 7.195 per cent per annum at our last notes offering in February. This financing increases our total funding capacity to over $1.5-billion to support our organic 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 2,500 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 and insurance, Waterstone Canada's most admired corporate cultures, ranking on the 2022 Report on Business Women Lead Here executive gender diversity benchmark, placing on Report on Business ranking of Canada's top growing companies, ranking on the TSX30, and 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. goeasy is rated BB minus with a stable trend from S&P and Ba3 with a stable trend from Moody's.

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