Goeasy’s $550 Million Senior Notes Offering

Cravath represented the initial purchasers, Wells Fargo Securities and BMO Capital Markets, in connection with the offering.

goeasy Ltd. issued $550 million 144A/Reg. S senior notes offering. With a 5.375 percent interest rate due 2024, the notes will be used to pay down its existing credit facility and be used for an early redemption of notes due 2022. The transaction closed on November 27, 2019.

goeasy Ltd. (TSX:GSY), a Canadian company, headquartered in Mississauga, Ontario, is a leading full-service provider of goods and alternative financial services.

The Cravath team included partners William V. Fogg (Picture) and Michael E. Mariani and associates Melanie R. Cook and Eric S. Goodwin on securities matters, and associate Joyce Y. Kim on tax matters.

Involved fees earner: Melanie R. Cook – Cravath Swaine & Moore; William Fogg – Cravath Swaine & Moore; Eric Goodwin – Cravath Swaine & Moore; Joyce Kim – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: BMO Capital Markets; Wells Fargo Securities;

Author: Ambrogio Visconti