goeasy to sell $550 million five-year senior notes in Monday drive-by

By Paul A. Harris

Portland, Ore., Nov. 13 – goeasy Ltd. plans to price a $550 million offering of five-year senior notes (Ba3/BB-) in a Monday drive-by, according to market sources.

The Rule 144A and Regulation S notes come with two years of call protection.

RBC, BMO, Wells Fargo, NBC, CIBC and TD are the joint bookrunners.

The Mississauga, Ont.-based financial services provider plans to use the proceeds to fully redeem its 5 3/8% senior notes due 2024.

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