EZCORP Secures $300M in Private Offering, Plans Strategic Debt Refinancing

EZCORP Inc., a leading pawn transaction provider in the United States and Latin America, has completed a private offering of $300 million in senior notes, marking a significant financial maneuver for the company. The 7.375% senior notes, due in 2032, will primarily be used to refinance existing debt and support broader corporate objectives.

The company intends to apply approximately $103.4 million of the net proceeds directly towards repaying its outstanding 2.375% convertible senior notes scheduled to mature in 2025. Any excess funds will be directed towards general corporate purposes, providing financial flexibility for potential strategic investments or operational needs.

This financial restructuring demonstrates EZCORP's proactive approach to managing its debt portfolio. By securing long-term notes at a fixed interest rate and planning a strategic debt repayment, the company is positioning itself for potential future growth and financial stability.

The transaction, with Roth Capital Partners serving as co-manager, reflects EZCORP's ongoing commitment to maintaining a robust financial structure while continuing to serve its core market of consumers with short-term cash needs.