Business
goeasy Ltd. Announces Pricing of Previously Announced Offering of Senior Unsecured Notes and Upsizing of USD Notes to US$450 Million and New CAD Notes to C$175 Million
goeasy Ltd. Announces Pricing of Previously Announced Offering of Senior Unsecured Notes and Upsi...
About this update from Goeasy Ltd.
[{"type":"text","content":"\n\n\n\n goeasy Ltd. Announces Pricing of Previously Announced Offering of Senior Unsecured Notes and Upsizing of USD Notes to US$450 Million and New CAD Notes to C$175 Million\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\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 Aug. 12, 2025\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 near to non-prime credit scores, is pleased to announce that it priced\n \n US$450 million\n \n aggregate principal amount of 6.875% senior unsecured notes due 2031 (the \"\n \n USD\n \n\n Notes\n \n \"), an increase from the previously announced transaction size of\n \n US$400 million\n \n , and\n \n C$175 million\n \n aggregate principal amount of 6.000% senior unsecured notes due 2030 (the \"\n \n New CAD Notes\n \n \", and together with the USD Notes, the \"\n \n Notes\n \n \"), an increase from the previously announced transaction size of\n \n C$100 million\n \n . The New CAD Notes will be issued at a price of\n \n C$997.50\n \n per\n \n C$1,000\n \n principal amount, plus accrued interest from\n \n May 15, 2025\n \n . The New CAD Notes have substantially identical terms (other than issuance price, date of issuance and the date from which interest initially accrues) as, and will be treated as a single series with, the Company's 6.000% senior unsecured notes due 2030 issued on\n \n November 4, 2024\n \n (together with the New CAD Notes, the \"\n \n CAD Notes\n \n \"). An aggregate of\n \n C$325 million\n \n principal amount of the CAD Notes will be outstanding after closing of the offering.\n \n\n\n\n\n\n\n\n\n The Notes will be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries. Concurrently with the offering, goeasy expects to enter into a currency swap agreement (the \"\n \n Currency Swap\n \n \") to fix the foreign currency ...