---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061433"
form_type: "8-K"
ticker: null
cik: "0001711291"
company_name: "CURO Group Holdings Corp."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:51:00.956072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CURO closes $150M term loan at 18% interest and exchanges $682M existing notes for new 1.5 lien notes

## Summary
- Entered $150M First Lien Credit Agreement with 18% interest, maturing Aug 2027; proceeds used to repay prior credit facility.
- Exchanged $682.3M (68.2%) of existing 7.5% Senior Secured Notes for new 7.5% Senior 1.5 Lien Secured Notes due 2028.
- Canada SPV Facility provides C$110M initial borrowing capacity, secured by receivables, maturity 2025.
- Maintain minimum liquidity of $75M until Sep 2024, then $60M; minimum adjusted pre-tax income required.
- Amendments to other SPV credit facilities remove need for prior waivers on financial covenants.

## SEC filing metadata
- accession: 0001104659-23-061433
- form_type: 8-K
- cik: 0001711291
- company_name: CURO Group Holdings Corp.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711291/000110465923061433/0001104659-23-061433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711291/000110465923061433/tm2315530d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061433
- JSON: https://secwatch.observer/filing/0001104659-23-061433.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061433.txt

## Key facts
- Debt Financings
  CURO Group Holdings Corp. incurred term loan of $150,000,000 with the Holders, as lenders at 18.00% per annum maturing August 2, 2027.
  - Instrument: term loan
  - Principal: $150,000,000
  - Counterparty: the Holders, as lenders
  - Rate: 18.00% per annum
  - Maturity: August 2, 2027
  - Event: incurrence
  source text: the Lenders have made credit extensions of $150,000,000 in the form of Term Loans to the Company, subject to the terms and conditions of the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465923061433/0001104659-23-061433-index.htm
- Debt Financings
  CURO Group Holdings Corp. incurred senior notes of $16,380,000 with certain Holders at 18.00% per annum maturing the date on which the Term Loans mature.
  - Instrument: senior notes
  - Principal: $16,380,000
  - Counterparty: certain Holders
  - Rate: 18.00% per annum
  - Maturity: the date on which the Term Loans mature
  - Event: incurrence
  source text: bankruptcy and insolvency. Of the $150,000,000 aggregate principal amount of Term Loans provided under the Credit Agreement, a portion equal to an aggregate principal amount of $16,380,000 was funded by Curo SPV, LLC (the “CURO SPV”), a wholly-owned special purpose vehicle of the Company (the “SPV Loans”), using proceeds from a concurrent private placement issuance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711291/000110465923061433/0001104659-23-061433-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.