goeasy Ltd. announced the pricing of its cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.375% senior unsecured notes due 2026 (the "2026 Notes") as set forth in the table below. The table below sets forth the applicable Reference Yield and Consideration for the 2026 Notes, as calculated at 10:00 a.m., New York City time, October 30, 2024, in accordance with the Offer to Purchase. No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this press release or printed on the 2026 Notes.
They are provided solely for the convenience of Holders of the 2026 Notes. 2) Per USD 1,000 principal amount of 2026 Notes validly tendered and accepted for purchase, including through the guaranteed delivery procedures, at or prior to the Expiration Date, and not validly withdrawn prior to the Withdrawal Deadline, for the Tender Offer; excludes the accrued interest payable on the 2026 Notes (which will be paid on the 2026 Notes accepted for purchase by the Company as described herein and in the Offer to Purchase) and assumes a settlement date on November 4, 2024. The Consideration is based on the fixed spread specified in the table above, plus the yield to maturity of the U.S. Treasury Reference Security based on the bid-side price of the U.S. Treasury Reference Security specified above at 10:00 a.m., New York City time, October 30, 2024.
The formula for determining the Consideration and Accrued Interest is set forth on Annex A of the Offer to Purchase. The Tender Offer is being made solely pursuant to the terms and conditions set forth in an Offer to Purchase, dated October 21, 2024 (the "Offer to Purchase"). The Tender Offer will expire at 5:00 p.m., New York City time, October 30, 2024, unless extended or terminated (such time and date, as the same may be extended or terminated by the Company in its sole discretion subject to applicable law, the "Expiration Date").
Tendered Notes may be withdrawn at any time (i) at or prior to the earlier of the Expiration Date and (y) in the event that the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after commencement (such time and date, as the same may be extended by the Company in its sole discretion, the "Withdrawal Deadline"), but may not thereafter be validly withdrawn, unless otherwise required by applicable law. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. Holders of the 2026 Notes must validly tender their 2026 Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, at or prior to the Expiration Date, and not validly withdraw their 2026 Notes at or prior to the Withdrawal Deadline, in order to be eligible to receive the Consideration.
There is no letter of transmittal for the Tender Offer. Accrued and unpaid interest will be paid on all 2026 Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the settlement date, which is expected to be on or about November 4, 2024. For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase (including the completion of the Proposed Financing), the deadline to validly tender their 2026 Notes using the guaranteed delivery procedures will be 5:00 p.m., New York City time, on the second business day after the Expiration Date, which is expected to be November 1, 2024 unless extended by sole discretion.
The Tender Offer is contingent upon, among other things, the successful completion by the Company of a capital market transaction (the "Proposed Financing") on terms and conditions satisfactory to the Company in its sole discretion. The Tender Offer is not conditioned on any minimum amount of 2026 Notes being tendered. The Company may amend, extend or terminate the Tender Offer in its sole discretion.
The purpose of the Tender Offer is to acquire any and all outstanding 2026 Notes.