goeasy (TSE:GSY) has released an update.
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goeasy Ltd., a prominent Canadian consumer lender, has upsized its offering of senior unsecured notes to US$200 million with a 7.625% interest rate due in 2029. The company has also planned a currency swap to mitigate exchange rate risk and intends to use the proceeds for corporate purposes such as debt repayment. The offering, which is set to close on July 25, 2024, will result in an outstanding total of US$600 million in notes.
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