08:53 AM EDT, 10/21/2024 (MT Newswires) -- goeasy (GSY.TO), a Canadian consumer lender, on Monday released select preliminary third quarter data. The company said gross consumer loan portfolio growth will be between $235 million and $265 million. It noted that total yield on consumer loans (including ancillary products) in the same period will be 33-34%.

goeasy plans to offer US$350 million of senior unsecured notes and C$150 million of senior unsecured notes. The actual terms of the notes, including interest rate, will depend on market conditions at the time of pricing. goeasy expects to enter into a currency swap agreement to fix the foreign currency exchange rate for the proceeds from the offering of the USD notes.

Net proceeds of the offering will fund a cash tender offer to purchase outstanding 4.375% senior unsecured notes due 2026. That tender offer will expire on Oct. 30.