04:34 AM EDT, 03/25/2025 (MT Newswires) -- EZCORP ( EZPW ) said late Monday it priced a private offering of $300 million of senior notes due 2032, with an interest rate of 7.375% per year.

The offering is set to close on Friday, subject to customary conditions, the company said.

The net proceeds are expected to be approximately $292.5 million. The company plans to use $103.4 million to repay 2.375% convertible senior notes that will mature this year and the remaining proceeds for general corporate purposes.