goeasy ( (TSE:GSY) ) has issued an announcement.
goeasy Ltd. has announced the pricing of US$400 million in senior unsecured notes due in 2030, with an interest rate of 7.375%. The proceeds, estimated to be approximately C$566.4 million, will be used to partially repay existing debt and for general corporate purposes. The offering is expected to close on April 1, 2025, and includes a currency swap to manage exchange rate risks. This financial move is part of goeasy’s strategy to optimize its capital structure and strengthen its market position in the non-prime lending sector.
More about goeasy
goeasy Ltd. is a Canadian company based in Mississauga, Ontario, providing 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 various sectors such as retail, powersports, automotive, home improvement, and healthcare through over 10,800 merchant partners. The company has a history of serving over 1.5 million Canadians and originating over $16 billion in loans.
YTD Price Performance: -7.10%
Average Trading Volume: 3,880
Technical Sentiment Signal: Buy
Current Market Cap: $1.76B
Learn more about GSY stock on TipRanks’ Stock Analysis page.