01:13 PM EST, 11/04/2024 (MT Newswires) -- goeasy (GSY.TO) on Monday said it closed an offering of US$400 million 6.875% senior unsecured notes due 2030, up from the original US$350 million, and C$150 million of 6% senior unsecured notes due 2030.

In connection with the U.S. dollar notes offering, goeasy entered into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing of the USD notes to 5.977% per annum.

Proceeds will fund the offer to purchase the outstanding 4.375% senior unsecured notes due 2026, repay indebtedness under its secured facilities and for general corporate purposes.

goeasy was last seen down $0.65 to $173.96 on the Toronto Stock Exchange.

Price: 174.00, Change: -0.61, Percent Change: -0.35