The latest update is out from goeasy ( (TSE:GSY) ).
goeasy Ltd. announced its intention to offer US$400 million in senior unsecured notes, subject to market conditions, to partially repay its secured facilities and for general corporate purposes. The company plans to enter a currency swap agreement to fix the foreign exchange rate for the proceeds, with the notes expected to be guaranteed by certain subsidiaries. This move is part of goeasy’s strategy to strengthen its financial position and maintain its growth trajectory in the consumer lending industry.
More about goeasy
goeasy Ltd. is a Canadian company headquartered in Mississauga, Ontario, specializing in non-prime leasing and lending services through its brands easyhome, easyfinancial, and LendCare. The company offers a range of financial products including unsecured and secured installment loans, merchant financing, and lease-to-own merchandise, supported by over 2,500 employees and an omnichannel model. With over 400 locations across Canada, goeasy partners with more than 10,800 merchants in various sectors such as retail, automotive, and healthcare.
YTD Price Performance: -7.10%
Average Trading Volume: 3,880
Technical Sentiment Signal: Buy
Current Market Cap: $1.76B
For a thorough assessment of GSY stock, go to TipRanks’ Stock Analysis page.