11:46 AM EDT, 07/23/2024 (MT Newswires) -- goeasy (GSY.TO) late on Monday priced an offering of 7.625% senior unsecured notes due 2029 and upsized the offer to US$200 million from US$150 million.

The consumer-lending company said the notes will be issued at a price of US$1,018.75 per US$1,000 principal amount, plus accrued interest from July 1.

The notes also have substantially identical terms and will be treated as a single series with greasy's 7.625% unsecured notes due 2029 issued on Feb. 23.

A total of US$600 million of notes will be outstanding after the offering closes.

The offering, which is scheduled to close July 25, will raise about C$275.8 million after deducting fees and expenses and subject to adjustment as a result of the currency swap.

The proceeds will be used for general corporate purposes, including debt repayment.

goeasy shares were last seen up $5.14 to $197.35 on the Toronto Stock Exchange.

Price: 197.35, Change: +5.14, Percent Change: +2.67