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Size of senior secured revolving credit facility increased at goeasy
2024-07-19 21:01
- Canada-based consumer lender goeasy (TSX:GSY:CA) (OTCPK:EHMEF) said on Friday that it has increased the size of its existing senior secured revolving credit facility to $550M from $370M.
- The amendments to the credit facility include a term extension, borrowing enhancements and the addition of three new lenders.
- The maturity date is extended to July 18, 2027.
- The amended credit facility is underwritten by Bank of Montreal, Royal Bank of Canada, Wells Fargo Bank, CIBC, National Bank of Canada, Toronto-Dominion Bank and three new lenders including Desjardins, Bank of Nova Scotia and Raymond James.
- Additionally, goeasy can also utilize an accordion feature to increase the size by up to an additional $150M.
- Source: Press Release
More on goeasy Ltd.
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- goeasy Ltd. 2024 Q1 - Results - Earnings Call Presentation
- goeasy Ltd. (EHMEF) Q1 2024 Earnings Call Transcript
- Historical earnings data for goeasy Ltd.
- Dividend scorecard for goeasy Ltd.
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