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goeasy Ltd. Announces Proposed Offering of US$150 Million of Senior Unsecured Notes
goeasy Ltd. Announces Proposed Offering of US$150 Million of Senior Unsecured Notes Can...
About this update from Goeasy Ltd.
[{"type":"text","content":"\n \n \n \n goeasy Ltd. Announces Proposed Offering of US$150 Million of Senior Unsecured Notes\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 pleased to announce that it plans to offer, subject to market and other conditions,\n \n US$150 million\n \n aggregate principal amount of senior unsecured notes (the \"\n \n Notes\n \n \"), that 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 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 exchange rate for the proceeds from the offering. goeasy intends to use the proceeds from the sale of the Notes for general corporate purposes, including the repayment of indebtedness. The Notes will be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries.\n \n \n The Notes and related guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the \"\n \n Securities Act\n \n \"), or any state securities laws, and the Notes may not be offered or sold in\n \n the United States\n \n or to any U.S. persons unless the Notes are registered under the Securities Act or pursuant to an exemption from the registration requirements of the Securities Act. This offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside\n \n the United States\n \n to non-U.S. persons in offshore transactions in compliance with Rule 903 of Regulation S under the Securities Act. Additionally, in\n \n Canada\n \n the offering will be made pursuant to ...