FirstCash Inc (FCFS) has released an update.
FirstCash Holdings, Inc. has successfully completed a private offering of $500 million in senior notes at 6.875% interest, maturing in 2032. These notes, which will pay interest semi-annually, are guaranteed by the company and its domestic subsidiaries. The notes can be redeemed early at specified prices, and they come with covenants that place restrictions on the company’s financial activities, such as incurring additional debt and making certain investments. These measures aim to protect investors while providing the company with the capital it seeks.
For further insights into FCFS stock, check out TipRanks’ Stock Analysis page.
