Mr. Jason Mullins reports
GOEASY LTD. ANNOUNCES EXPIRATION OF TENDER OFFER FOR ANY AND ALL OF THE AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375% SENIOR UNSECURED NOTES DUE 2026
goeasy Ltd.'s cash tender offer to purchase any and all of its outstanding 4.375 per cent senior unsecured notes due 2026 has expired. The tender offer described herein was made on the terms and conditions set forth in the offer to purchase, dated Oct. 21, 2024, and the related notice of guaranteed delivery. The tender offer expired at 5 p.m., New York City time, on Oct. 30, 2024. Capitalized terms used but not defined in this announcement have the meanings given to them in the offer to purchase. The settlement date for the tender offer will be on or about Nov. 4, 2024.
According to information provided by Global Bondholder Services Corp., $255,445,000 (U.S.) aggregate principal amount of the 2026 notes were validly tendered prior to or at the expiration date and not validly withdrawn prior to the expiration date. In addition, $776,000 (U.S.) aggregate principal amount of the 2026 notes were tendered pursuant to the guaranteed delivery procedures set forth in the offer to purchase and remain subject to the holders' performance of the delivery requirements under such procedures. The attached table provides certain information about the tender offer, including the aggregate principal amount of the 2026 notes validly tendered prior to the expiration date and not validly withdrawn prior to the expiration date and the aggregate principal amount of 2026 notes reflected in notices of guaranteed delivery delivered at or prior to the expiration date.
The company plans to accept for purchase $255,445,000 (U.S.) combined aggregate principal amount of 2026 notes under the tender offer (excluding 2026 notes delivered pursuant to the guaranteed delivery procedures).
The complete terms of the tender offer are described in the offer to purchase and related notice of guaranteed delivery, copies of which are available on-line or may be requested from the information agent for the tender offer, Global Bondholder Services Corp., by telephone at 855-654-2015 (toll-free) or, for banks and brokers, 212-430-3774, and by e-mail. goeasy retained Wells Fargo Securities LLC to serve as dealer manager for the tender offer. Persons with questions regarding the tender offer should contact the dealer manager for the tender offer, Wells Fargo Securities, LLC, at 1-866-309-6316 (toll-free), 704-410-4820 (collect) or e-mail. No recommendation had been made as to whether holders of the 2026 notes should tender their 2026 notes.
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 10,300 merchant partners across Canada. Throughout the company's history, it has acquired and organically served over 1.4 million Canadians and originated over $14.3-billion in loans.
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