EZCORP Announces Retirement of $103.4 Million Convertible Notes

Core Points - EZCORP, Inc. announced the retirement of $103.4 million of its 2.375% Convertible Senior Notes due 2025, originally issued in 2018 [1] - The company opted for physical settlement in October 2024, allowing holders to convert their notes into shares of EZCORP Class A Common Stock at a conversion price of $15.90 per share [2] - Approximately $97.0 million of the notes were converted into about 6.1 million shares, with the remaining balance of $6.4 million repaid in cash along with interest and fractional shares totaling $1.2 million [2] Company Overview - EZCORP, formed in 1989, is a leading provider of pawn transactions in the United States and Latin America, also selling pre-owned and recycled merchandise [3] - The company focuses on meeting the short-term cash needs of consumers who are cash and credit constrained, emphasizing an industry-leading customer experience [3] - EZCORP is publicly traded on NASDAQ under the symbol EZPW and is a member of the S&P 1000 Index and Nasdaq Composite Index [3]