Q: ".. priced US$400 million aggregate principal amount of 7.625% senior unsecured notes due 2029" ..... "goeasy intends to use the proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes"
I suspect they are just taking care of business here. I thought their debts were not particularly large considering their business. Thoughts or reassurances plse.
I suspect they are just taking care of business here. I thought their debts were not particularly large considering their business. Thoughts or reassurances plse.
5i Research Answer:
This is just normal business. GSY will often securitize its loans (package and re-sell to other investors) and as it grows debt may increase temporarily prior to these sales.