goeasy (TSE:GSY) has released an update.
goeasy Ltd., a prominent Canadian consumer lender, has announced preliminary financial highlights for Q2 2024, revealing a robust growth in its gross consumer loan portfolio, which is expected to exceed $275 million. The company, which is currently preparing for a US$150 million senior unsecured notes offering, also forecasts its total yield on consumer loans to be between 34.0% and 35.0%, and net charge-offs to range from 8.5% to 9.5%.
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