debt
confidence high
sentiment neutral
materiality 0.55
FirstCash Holdings subsidiary prices $500M of 6.875% senior notes due 2032
FirstCash Holdings, Inc.
- FirstCash Inc. subsidiary priced $500M of 6.875% senior notes due 2032; semi-annual interest starts Sept 1, 2024.
- Notes are unsecured senior obligations, guaranteed by parent FirstCash Holdings and domestic guarantors.
- Proceeds to repay revolving credit facility borrowings and pay offering fees/expenses.
- Offering expected to close Feb 21, 2024; private placement under Rule 144A and Reg S.