goeasy Ltd. announced that it plans to offer, subject to market and other conditions, USD 400 million aggregate principal amount of senior unsecured notes (the "Notes"). The actual terms of the Notes, including interest rate, will depend on market conditions at the time of pricing. Concurrently with the offering, goeasy expects to enter into a currency swap agreement (the "Currency Swap") to fix the foreign currency exchange rate for the proceeds from the offering.

The company 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 Notes are expected to be guaranteed on a senior unsecured basis by certain of goeasy's current and future subsidiaries. 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.