Goeasy starts roadshow for $300 million five-year notes offering; investor call Wednesday

By Paul A. Harris

Portland, Ore., Oct. 24 – First-time issuer goeasy Ltd. started a roadshow on Tuesday in New Jersey for a $300 million offering of five-year senior notes (expected ratings Ba3/BB-), according to a syndicate source.

The roadshow moves to New York on Wednesday and to Toronto on Thursday.

An investor call is set to get underway at 12:30 p.m. ET on Wednesday.

The Rule 144A and Regulation S for life offering is expected to price on Friday.

Wells Fargo Securities LLC is the left bookrunner. BMO Securities is the joint bookrunner. CIBC World Markets is the co-manager.

The notes become callable after two years at par plus 50% of the coupon.

The Mississauga, Ont.-based full-service provider of goods and alternative financial services plans to use the proceeds to repay its credit facility and for general corporate purposes.

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