08:17 AM EDT, 03/24/2026 (MT Newswires) -- Goeasy ( EHMEF ) , a non-prime consumer lender that saw its shares drop near 60% earlier this month after it withdrew guidance amid surging loan losses and suspended its dividend, entered Tuesday into definitive agreements with the lenders and other counterparties under its syndicated revolving credit facility, consumer securitization warehouse facility and loan purchase and sale agreement.

The company also announced that it now expects to release its fourth quarter 2025 results after the market closes on Tuesday, March 31, 2026.

In a statement Goeasy ( EHMEF ) said the definitive agreements, which were entered into with the unanimous consent of the lenders and other financing counterparties party to the facilities, provide that: one, the facilities may remain outstanding and that the syndicated revolving credit facility and the consumer securitization warehouse facility will remain available to provide future funding to goeasy; two, waive compliance with certain financial covenants in respect of the fourth quarter of 2025; and three, give effect to certain other amendments to the facilities.

"The Facilities, as amended by the Definitive Agreements, together with the strong cash flow generation of the business, provide goeasy with the liquidity to continue executing on our priorities," said Felix Wu, Chief Financial Officer. "We particularly value the partnership shown by all of our lenders and financing counterparties in reaching this outcome with us, and we intend to engage in further discussions with these parties with a view to renewing the Facilities when they mature in accordance with their terms later in 2026 and in 2027."

The company said it intends to use cash on hand to repay the borrowings under its US$64.6 million senior unsecured notes maturing on May 1, 2026.

Based on its $240 million of cash on hand and $927 million aggregate amounts drawn as of February 28, 2026, the company said it has liquidity (cash on hand plus unused contractual borrowing capacity) of up to $983 million (of which $743 million will not be available until July 1, 2026 in accordance with the terms of the amended financing arrangements) as a result of the definitive agreements. Going forward, the company added its liquidity will be bolstered by the ongoing strong cash flow generated from its business operations; for the three months ended December 31, 2025, the company expects to report that it generated approximately $536 million of cash provided by operating activities before net principal written (representing $229 million cash used in operating activities plus $765 million net principal written).

Shares in GSY rose near 8% in Canada yesterday.