MT Newswires Live03-25
EZCORP (EZPW) said late Monday it priced a private offering of $300 million of senior notes due 2032, with an interest rate of 7.375% per year.
The offering is set to close on Friday, subject to customary conditions, the company said.
The net proceeds are expected to be approximately $292.5 million. The company plans to use $103.4 million to repay 2.375% convertible senior notes that will mature this year and the remaining proceeds for general corporate purposes.
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