goeasy to redeem $475 million 7 7/8% notes with new note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 12 – goeasy Ltd. plans to redeem its $475 million 7 7/8% senior notes due 2022 with proceeds from new senior notes, according to a press release.

Proceeds from the unwinding of the currency swap entered into in connection with the 2022 notes will also be used for the redemption.

Proceeds from the new notes will also be used for general corporate purposes.

Based in Mississauga, Ont., goeasy provides non-prime leasing and lending services.

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