09:08 AM EDT, 03/25/2025 (MT Newswires) -- goeasy (GSY.TO), a Canadian consumer lender, on Tuesday said it plans to offer, subject to market and other conditions, US$400 million aggregate principal amount of senior unsecured notes. A statement noted the actual terms of the notes, including interest rate, will depend on market conditions at the time of pricing.

Concurrently with the offering, goeasy expects to enter into a currency swap agreement to fix the foreign currency exchange rate for the proceeds from the offering.

goeasy said it 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.

The notes are expected to be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries.