goeasy ( (TSE:GSY) ) has provided an update.
goeasy Ltd. has successfully closed a US$400 million offering of senior unsecured notes due in 2030, with a currency swap agreement reducing the borrowing cost to 6.03% annually. The proceeds will be used to partially repay secured facilities and support the company’s organic growth plans, increasing its total funding capacity to $2.2 billion, thereby strengthening its financial position and capacity for expansion.
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. With over 2,500 employees and more than 400 locations across Canada, goeasy serves a diverse clientele through an omnichannel model and has originated over $16 billion in loans. Recognized for its corporate culture and growth, goeasy is listed on the TSX under the symbol ‘GSY’.
YTD Price Performance: -7.51%
Average Trading Volume: 4,176
Technical Sentiment Signal: Buy
Current Market Cap: $1.71B
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