CURO gathers necessary consents in solicitation for 1.5-lien notes

Chicago, Feb. 8 – CURO Group Holdings Corp. gathered consents from holders representing 97% of the $682,298,000 outstanding 7˝% senior 1.5-lien secured notes due 2028 (Cusip: 23131LAE7, U12727AD2) in a solicitation that started Feb. 5, according to a press release.

The solicitation expired at 5 p.m. ET on Feb. 7.

The company failed to make an interest payment on Feb. 1.

The solicitation allows an extension of the grace period for the interest payment, now 30 days. Noteholders have also agreed to waive the potential default under the indenture due to the company’s potential failure to maintain liquidity at or above $75 million as of Jan. 31.

A supplemental indenture was executed on Feb. 7.

No consent payment will be made in relation to the solicitation.

U.S. Bank Trust Co., NA is the trustee and collateral agent.

Epiq Corporate Restructuring, LLC (646 362-6336; tabulation@epiqglobal.com) is the information agent and tabulation agent.

CURO is a consumer finance company based in Chicago.

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