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goeasy Ltd. Announces Proposed Offering of US$400 Million of Senior Unsecured Notes and C$100 Million of Senior Unsecured Notes
goeasy Ltd. Announces Proposed Offering of US$400 Million of Senior Unsecured Notes and C$100 Mil...
About this update from Goeasy Ltd.
[{"type":"text","content":"\n\n\n\n goeasy Ltd. Announces Proposed Offering of US$400 Million of Senior Unsecured Notes and C$100 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 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 plans to offer, subject to market and other conditions,\n \n US$400 million\n \n aggregate principal amount of senior unsecured notes (the \"\n \n USD\n \n\n Notes\n \n \") and\n \n C$100 million\n \n aggregate principal amount of senior unsecured notes (the \"\n \n CAD Notes\n \n \", and together with the USD Notes, the \"\n \n Notes\n \n \"). The CAD Notes will have substantially identical terms 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 .\n \n\n\n\n\n\n\n\n\n The actual terms of the USD Notes, including interest rate, will depend on market conditions at the time of pricing. 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 of the USD Notes.\n \n\n goeasy intends to use the net proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes.\n \n\n The Notes are expected to 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...