S&P rates Goeasy notes BB-

S&P said it assigned its BB- issue rating to Goeasy Ltd.'s planned issuance of $400 million of senior unsecured notes due 2029.

The rating is the same as those on the issuer’s outstanding senior unsecured notes.

The company will use the proceeds to partially repay secured debt, with about C$1.6 billion outstanding under the revolving credit and revolving securitization warehouse facilities as of Dec. 31, and for general corporate purposes.

The outlook is stable.

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