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MISSISSAUGA, ON, April 1, 2025 /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 closed its previously announced offering of US$400 million aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). In connection with the offering of the Notes, goeasy also entered into a currency swap agreement (the "Currency Swap") to reduce the Canadian dollar equivalent cost of borrowing on the Notes to 6.03% per annum. Before giving effect to the Currency Swap, the coupon on the Notes is 7.375% per annum. goeasy intends to use the net proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes.
MISSISSAUGA, ON, March 25, 2025 /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 7.375% senior unsecured notes due 2030 (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, which it expects will reduce the effective cost of borrowing of the Notes when converted into Canadian currency.
MISSISSAUGA, ON, March 25, 2025 /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 plans to offer, subject to market and other conditions, US$400 million aggregate principal amount of senior unsecured notes (the "Notes"). The actual terms of the Notes, including interest rate, will depend on market conditions at the time of pricing.
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MISSISSAUGA, ON, March 3, 2025 /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 near to non-prime credit, is pleased to announce the appointment of Dan Rees as Chief Executive Officer.
MISSISSAUGA, ON, Dec. 19, 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, announced today the acceptance by the Toronto Stock Exchange (the "TSX") of goeasy's notice of intention to renew its normal course issuer bid (the "NCIB"). Pursuant to the NCIB, goeasy may purchase for cancellation up to an aggregate of 1,293,283 common shares in the capital of the Company (the "Common Shares"), representing approximately 10% of goeasy's public float. As at December 10, 2024, goeasy had 16,728,495 Common Shares issued and outstanding.
MISSISSAUGA, ON, Nov. 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, announced today that it has received the 2024 Canada's Most Admired Corporate Cultures™ award by Waterstone Human Capital. goeasy has been certified as one of Canada's Most Admired Corporate Cultures™ since 2018, also being named to this prestigious list in 2021.
Loan Originations of $839 million, up 16% from $722 millionLoan Growth of $255 million, up 11% from $230 millionLoan Portfolio of $4.39 billion, up 28% from $3.43 billionRevenue of $383 million, up 19% from $322 millionDiluted EPS of $4.88; Adjusted Diluted EPS1 of $4.32, up 13% from $3.81
MISSISSAUGA, ON, Nov. 7, 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, today reported results for the third quarter ended September 30, 2024.
MISSISSAUGA, ON, Nov. 4, 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 closed its previously announced offering of US$400 million aggregate principal amount of 6.875% senior unsecured notes due 2030 (the "USD Notes"), which was upsized from US$350 million at the initial time of offering, and C$150 million aggregate principal amount of 6.000% senior unsecured notes due 2030 (the "CAD Notes", and together with the USD Notes, the "Notes").
MISSISSAUGA, ON, Oct. 31, 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 the expiration of its cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.375% senior unsecured notes due 2026 (the "2026 Notes") The Tender Offer described herein was made on the terms and conditions set forth in the Offer to Purchase, dated October 21, 2024 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery. The Tender Offer expired at 5:00 p.m., New York City time, on October 30, 2024 (the "Expiration Date"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. The settlement date for the Tender Offer will be on or about November 4, 2024 (the "Settlement Date").
MISSISSAUGA, ON, Oct. 30, 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 the pricing of its cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.375% senior unsecured notes due 2026 (the "2026 Notes") as set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the 2026 Notes, as calculated at 10:00 a.m., New York City time, today, October 30, 2024, in accordance with the Offer to Purchase.