Mr. James Obright reports
GOEASY LTD. ANNOUNCES RENEWAL OF SECURITIZATION FACILITY
goeasy Ltd. has renewed its revolving securitization warehouse facility collateralized by consumer loans (the securitization warehouse facility).
The company maintained capacity under the securitization warehouse facility at $1.4-billion on substantially similar terms. The lending syndicate for the securitization warehouse facility continues to consist of the same three large Canadian Schedule 1 banks. The securitization warehouse facility will bear interest on advances payable at the rate of adjusted daily compounded Canadian overnight repo rate average (adjusted CORRA) plus 210 bps (basis points). For the month of October, 2025, this interest rate would currently be 4.93 per cent. The company will continue to utilize an interest rate swap agreement to generate fixed rate payments on the amounts drawn. The new maturity date for the securitization warehouse facility is Oct. 30, 2026.
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 2,600 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 approximately 11,200 merchant partners across Canada. Throughout the company's history, it has acquired and organically served approximately 1.6 million Canadians and originated over $17.5-billion in loans.
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