goeasy Raises US$450 Million and C$175 Million Via a Senior Unsecured Notes Offering

11:48 AM EDT, 08/20/2025 (MT Newswires) -- goeasy (GSY.TO) on Wednesday said it closed an upsized offering of US$450 million of senior unsecured notes due 2031, and C$175 million of 6.0% senior unsecured notes due 2030.

The new Canadian-dollar notes were issued at C$997.50 per C$1,000 principal amount, plus accrued interest from May 15. The company said an aggregate of C$325 million principal amount of the notes is outstanding following closing of the offering.

In regard to the U.S. dollar notes, goeasy entered into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing on the USD notes to 6.106% per annum. Proceeds from the sale of the notes will be used to partially repay indebtedness under its secured facilities and for general corporate needs.

"The increases to both the U.S. dollar and Canadian dollar denominated issuances reflected strong market demand and confidence in our business," said Chief Financial Officer Hal Khouri. "This financing raises our total funding capacity to C$2.3 billion to support our growth plans."

Shares of the company were last seen down C$2.87 to C$201.80 on the Toronto Stock Exchange.

Price: 201.80, Change: -2.87, Percent Change: -1.40

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