11:35 AM EDT, 07/22/2024 (MT Newswires) -- goeasy (GSY.TO) on Monday said it is offering US$150 million of senior unsecured notes that will have identical terms as, and will be treated as a single series with, goeasy's 7.625% unsecured notes due 2029.

Proceeds will be used by the consumer-lending company for general corporate purposes, including debt repayment.

Concurrent with the offering, goeasy expects to enter into a currency-swap agreement to fix the foreign currency exchange rate for the offering's proceeds. The notes will be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries.

The company's shares were last seen up $1.53 to $189.36 on the Toronto Stock Exchange.

Price: 189.36, Change: +1.53, Percent Change: +0.81