MISSISSAUGA, ON, Oct. 21, 2024 /CNW/ - goeasy Ltd. (TSX: GSY) ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, is pleased to announce that it priced US$400 million aggregate principal amount of 6.875% senior unsecured notes due 2030 (the "USD Notes"), an increase from the previously announced transaction size of US$350 million, and C$150 million aggregate principal amount of 6.000% senior unsecured notes due 2030 (together with the USD Notes, the "Notes"). The Notes will be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries. Concurrently with the offering, goeasy expects to enter into a currency swap agreement (the "Currency Swap") to fix the foreign currency exchange rate for the proceeds from the offering of the USD Notes, which it expects will reduce the effective cost of borrowing of the USD Notes when converted into Canadian currency.
Read more at newswire.cahello world
Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.
