The Financial Post reports in its Wednesday, March 25, edition that goeasy secured concessions from its lenders to keep key funding lines open after a spike in loan losses at its auto lending unit caused shares and bonds to plummet, intensifying examination of the subprime lender's financing model. A Bloomberg dispatch to the Post reports that bank and financing counterparties have waived certain financial covenants linked to its fourth quarter results and to amend the terms of its main credit facilities, goeasy said Tuesday. The changes ensure ongoing access to funding after losses related to its unit that provides autos and powersports equipment loans, Lendcare Holdings, temporarily caused the firm to be out of compliance with leverage requirements. Earlier in March, goeasy suspended its dividend, withdrew guidance and disclosed about $33-million in net charge-offs for the fourth quarter, including $233-million linked to Lendcare. This month goeasy shares have plunged more than 60 per cent while its 6.875 per cent note due 2030 has fallen 10 cents on the dollar to 79.25 cents, according to Trace data. The amended agreements leave goeasy's revolving credit and securitization facilities in place, but on tighter terms.