debt
confidence high
sentiment positive
materiality 0.55
FirstCash increases credit facility to $700M, extends maturity to Aug 2029
FirstCash Holdings, Inc.
- Commitment increased from $640M to $700M, an increase of $60M.
- Maturity extended from August 2027 to August 2029, providing two more years of committed capital.
- Permitted consolidated leverage ratio raised to 3.25x adjusted EBITDA for full term; other financial covenants unchanged.
- CEO Rick Wessel says facility supports expansion in U.S. and Latin America and shareholder payouts.