Loan & DebtMay 1, 2026, 04:22 PM
FirstCash Holdings Closes $750M Senior Notes Offering at 6.125%
AI Summary
FirstCash Holdings, Inc. announced the closing of its previously announced private offering of $750 million of 6.125% senior notes due 2034. The notes were issued by its wholly-owned subsidiary, FirstCash, Inc., and are guaranteed by the Company and its domestic subsidiaries. Interest will be paid semi-annually, and the notes mature on May 1, 2034. The indenture includes provisions for redemption, repurchase obligations, and various covenants limiting the company's financial actions.
Key Highlights
- Closed private offering of $750,000,000 senior notes.
- Notes carry an interest rate of 6.125%.
- Maturity date for the notes is May 1, 2034.
- Interest payable semi-annually on May 1 and November 1, starting November 1, 2026.
- Issuer may redeem notes prior to May 1, 2029, with a "make-whole" premium.
- Covenants limit additional indebtedness, dividends, and stock repurchases.
Price Impact
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