CURO Financial talks $460 million five-year secured notes with 12% coupon at 98.2 to yield 12½%

By Paul A. Harris

Portland, Ore., Feb. 1 – CURO Financial Technologies Corp. talked its $460 million offering of five-year senior secured notes (B-) with a 12% coupon at a reoffer price of about 98.2 to yield 12½%, according to an informed source.

Books close at 2 p.m. ET on Wednesday, and the Rule 144A and Regulation for life deal is set to price shortly thereafter.

Jefferies LLC is the bookrunner. Stephens Inc. is the co-manager.

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

The Wichita, Kan.-based consumer finance company plans to use the proceeds to refinance debt.

CURO Financial serves underbanked consumers in the United States, Canada and the United Kingdom.

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