debt
confidence high
sentiment positive
materiality 0.60
FirstCash upsizes credit facility to $1.055B, extends maturity to 2031
FirstCash Holdings, Inc.
- Facility increased from $700M to $1.055B; maturity extended from Aug 2029 to Aug 27, 2031.
- Adds up to $500M USD-equivalent borrowings in British pounds sterling; reduces unused fee.
- Permitted net leverage ratio raised to 3.5x consolidated EBITDA for full term.
- Amendment supports funding of expected Ramsdens pawn acquisition in U.K., pending final regulatory approval.
- Two new banks added to syndicate; existing lenders increased commitments.