Loan & DebtMay 12, 2026, 06:07 AM
FirstCash Issues $750M Senior Notes Due 2034; Q1 Net Income +29%
AI Summary
FirstCash Holdings, Inc. announced the completion of a private offering for $750 million in Senior Notes due 2034, carrying a 6.125% interest rate, which will extend the company's debt maturity and simplify its balance sheet by repaying existing facilities. The company also highlighted strong Q1 2026 financial performance, with GAAP Net Income and EPS both increasing 29% and 30% respectively year-over-year. Additionally, FirstCash reported trailing twelve months revenue of $3.9 billion and Adjusted EBITDA of $746 million as of March 31, 2026, alongside ongoing share repurchases.
Key Highlights
- FirstCash completed a private offering of $750 million Senior Notes due 2034.
- The notes carry an interest rate of 6.125% and extend the weighted-average maturity of long-term debt to 6 years.
- Q1 2026 GAAP Net Income increased 29% year-over-year.
- Q1 2026 GAAP EPS rose 30% year-over-year.
- Trailing twelve months (TTM) revenue reached $3.9 billion as of March 31, 2026.
- TTM Adjusted EBITDA was $746 million.
- The company repurchased $50 million in shares year-to-date in 2026.
- $100 million remains for future share repurchases under the current authorization.
Price Impact
More from FCFS