goeasy Ltd. announced that it priced USD 400 million aggregate principal amount of 7.625% senior unsecured notes due 2029 (the "Notes"). The Notes will be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries. The Company is also expected to enter into a currency swap agreement (the "Currency Swap") to fix the foreign currency exchange rate for the proceeds from the offering, which it expects will reduce the effective cost of borrowing of the Notes when converted into Canadian currency.

goeasy estimates the net proceeds from the offering will be approximately CAD 532 million, based on the Bank of Canada daily rate on February 16, 2024 for the Canadian dollar/U.S. dollar exchange rate, after deducting fees and estimated offering expenses, and subject to adjustment as a result of the Currency Swap. goeasy intends to use the proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes. The offering of the Notes is expected to close on February 23, 2024, subject to customary closing conditions.

The Notes and related guarantees have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and the Notes may not be offered or sold in the United States or to any U.S. persons unless the Notes are registered under the Securities Act or pursuant to an exemption from the registration requirements of the Securities Act. This offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in compliance with Rule 903 of Regulation S under the Securities Act. Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.