goeasy Ltd. Closes US$450 Million and C$175 Million Offering of Senior Unsecured Notes

Core Viewpoint - goeasy Ltd. successfully closed an upsized offering of senior unsecured notes, reflecting strong market demand and confidence in its business [1][3] Group 1: Offering Details - The company closed an offering of US$450 million in senior unsecured notes due 2031, increased from an initial US$400 million [1] - Additionally, goeasy issued C$175 million in 6.000% senior unsecured notes due 2030, up from C$100 million at the initial offering [1] - The New CAD Notes were issued at a price of C$997.50 per C$1,000 principal amount, plus accrued interest from May 15, 2025 [1] Group 2: Financial Strategy - 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, down from a coupon of 6.875% [2] - The net proceeds from the sale of the notes will be used to partially repay indebtedness under secured facilities and for general corporate purposes [2] Group 3: Company Overview - goeasy Ltd. is a leading consumer lender in Canada, providing financial services to individuals with near to non-prime credit scores [1] - The company operates through its easyhome, easyfinancial, and LendCare brands, offering a variety of financial products including unsecured and secured installment loans [3] - goeasy has a total funding capacity of C$2.3 billion to support its growth plans [3] Group 4: Awards and Recognition - goeasy has received several awards for its corporate culture and growth, including recognition from TIME Magazine and Waterstone Canada [4] - The company has raised and donated over C$6.5 million to support local charities and partnerships [4]