goeasy Ltd. Announces Preliminary Second Quarter Selected Data

About this update from Goeasy Ltd.

[{"type":"text","content":"\n \n \n \n goeasy Ltd. Announces Preliminary Second Quarter Selected Data\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n July 22, 2024\n \n \n /CNW/ -\n \n goeasy Ltd.\n \n (TSX: GSY) (\"\n \n \n goeasy\n \n \n \" or the \"\n \n Company\n \n \"), one of\n \n Canada's\n \n leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, is announcing select preliminary unaudited financial results for the second quarter ended\n \n June 30, 2024\n \n , based on information currently available to management. The Company is making this announcement because the same information is being provided concurrently to potential investors in the Company's offering of\n \n US$150 million\n \n aggregate principal amount of senior unsecured notes (the \"\n \n Notes\n \n \"). The Notes will have substantially identical terms as, and will be treated as a single series with, the Company's 7.625% unsecured notes due 2029 issued on\n \n February 23, 2024\n \n .\n \n \n Consistent with the guidance previously provided in the section entitled \"Outlook\" in the Company's management's discussion and analysis of financial condition and results of operations for the three months ended\n \n March 31, 2024\n \n , the Company anticipates that:\n \n \n \n Gross consumer loan portfolio growth in the second quarter of 2024 will exceed\n \n $275 million\n \n ;\n \n \n \n \n Total yield on consumer loans (including ancillary products) in the second quarter of 2024 will be between 34.0% and 35.0%; and\n \n \n \n \n Net charge offs as a percentage of average gross consumer loans receivable will be between 8.5% and 9.5% in the second quarter of 2024.\n \n \n \n The Company's unaudited interim condensed consolidated financial statements and its management's discussion and analysis for the second quarter ended\n \n June 30, 2024\n \n are currently expected to be available and filed under the Company's profile on SEDAR+ at www.sedarplus.com after the market closes on\n \n...

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