Loan & DebtApr 29, 2026, 06:12 AM
FCFS Upsizes, Prices $750M Senior Notes Due 2034 at 6.125%
AI Summary
FirstCash Holdings, Inc. announced that its subsidiary, FirstCash, Inc., upsized and priced a private offering of $750,000,000 in 6.125% senior notes due 2034. The offering size was increased by $150,000,000 from the initial proposal. The company intends to use the net proceeds to repay existing indebtedness, provide additional liquidity for future growth, and for general corporate purposes.
Key Highlights
- FirstCash, Inc. priced an upsized private offering of $750,000,000 in senior notes.
- The notes are due in 2034 and will pay interest semi-annually at a rate of 6.125% per annum.
- Interest payments will begin on November 1, 2026, on May 1 and November 1 each year.
- The offering size increased by $150,000,000 from the previously announced proposed amount.
- The offering is expected to close on May 1, 2026, subject to customary closing conditions.
- Proceeds will repay existing indebtedness, fund future growth, and for general corporate purposes.