EZCORP (NASDAQ: EZPW), a leading provider of pawn transactions in the United States and Latin America, recently closed a private offering of $300 million of 7.375% senior notes due 2032. The company expects to use approximately $103.4 million of the net proceeds to repay its outstanding 2.375% convertible senior notes due 2025 at maturity. EZCORP intends to use any excess proceeds for general corporate purposes. Roth Capital Partners acted as co-manager for the transaction.
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About EZCORP
Formed in 1989, EZCORP has grown into a leading provider of pawn transactions in the United States and Latin America. The company also sells pre-owned and recycled merchandise, primarily collateral forfeited from pawn lending operations and merchandise purchased from customers. EZCORP is dedicated to satisfying the short-term cash needs of consumers who are both cash and credit constrained, focusing on an industry-leading customer experience. EZCORP is traded on NASDAQ under the symbol EZPW and is a member of the S&P 1000 Index and Nasdaq Composite Index. For more information about the company, visit www.EZCORP.com.
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