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Goeasy Announces Renewal of Securitization Facility; Capacity Maintained at $1.4 Billion
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Goeasy Announces Renewal of Securitization Facility; Capacity Maintained at $1.4 Billion
Oct 31, 2025 8:53 AM

11:23 AM EDT, 10/31/2025 (MT Newswires) -- goeasy Ltd (GSY.TO), one of Canada's leading consumer lenders, announced Friday the renewal of its revolving securitization warehouse facility collateralized by consumer loans.

The company said that it maintained capacity under the securitization warehouse facility at $1.4 billion on substantially similar terms.

A statement noted that the lending syndicate for the securitization warehouse facility continues to consist of the same three large Canadian Schedule 1 banks. The securitization warehouse facility will bear interest on advances payable at the rate of Adjusted Daily Compounded Canadian Overnight Repo Rate Average (Adjusted CORRA) plus 210 bps.

The company said that, for the month of October, 2025, this interest rate would currently be 4.93% and added that it will continue to utilize an interest rate swap agreement to generate fixed rate payments on the amounts drawn.

The new maturity date for the securitization warehouse facility is Oct. 30, 2026.

The company's shares were last seen up $1.11 to $168.21 on the Toronto Stock Exchange.

Price: 168.56, Change: +1.46, Percent Change: +0.87

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