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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial's product offering consists of unsecured and real estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement, and healthcare verticals.


TSX:GSY - Post by User

Bullboard Posts
Post by goldinontarioon Oct 27, 2017 5:50pm
166 Views
Post# 26870555

Great News for GSY`

Great News for GSY`GSY just reported that they closed their Senior Unsecured Notes offering: [url=https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGSY-2521723&symbol=GSY®ion=C][/url]

On October 24th Raymond James put out a report where they were wondering if they could close the full US$300 mil deal (they actually received US$325 mil) and was believed that it would be tough to match their current interest rate of Cdn Ba's plus 699 basis pts (approx 8.25%) and they have done much better (7.875%).  Good news all around to enable them to continue their fast paced growth.
Bullboard Posts