Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES CLOSING OF US$400 MILLION AND C$150 MILLION OFFERING OF SENIOR UNSECURED NOTES

goeasy Ltd. has closed its previously announced offering of $400-million (U.S.) aggregate principal amount of 6.875 per cent senior unsecured notes due 2030, which was upsized from $350-million (U.S.) at the initial time of offering, and $150-million (Canadian) aggregate principal amount of 6.000 per cent senior unsecured notes due 2030.

In connection with the offering of the U.S.-dollar notes, goeasy also entered into a currency swap agreement to reduce the Canadian-dollar equivalent cost of borrowing of the U.S.-dollar notes to 5.977 per cent per annum. goeasy intends to use the net proceeds from the sale of the notes to finance the previously announced and now expired cash tender offer to purchase any and all of its outstanding 4.375 per cent senior unsecured notes due 2026, to partially repay indebtedness under its secured facilities, and for general corporate purposes. This news release shall not constitute an offer to purchase any of the 2026 notes.

"We are pleased to announce the closing of our unsecured notes offering, including our inaugural Canadian-dollar-denominated issuance, highlighting the confidence in our business," said Hal Khouri, goeasy's executive vice-president and chief financial officer, "The Canadian-dollar equivalent cost of borrowing of the U.S.-dollar notes at 5.977 per cent per annum is down from 6.38 per cent per annum at our last notes offering in July. This financing increases our total funding capacity to $1.8-billion (Canadian) 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 10,300 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 (Canadian) in loans.

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

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