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Ezcorp prices upsized $200M convertible senior note offering
The Fly

Ezcorp prices upsized $200M convertible senior note offering

EZCORP announced the pricing of its private offering of $200,000,000 aggregate principal amount of its convertible senior notes due 2029. The offering was upsized from the previously announced offering size of $175,000,000 aggregate principal amount of Convertible Notes. Convertible Notes will bear interest at a rate of 3.75% per annum, payable semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2023, and will be convertible into cash, shares of the Company’s Class A common stock or a combination thereof, at the Company’s election. The Convertible Notes have an initial conversion rate of 89.0313 shares of the Class A common stock per $1,000 principal amount of the Convertible Notes which is equal to an initial conversion price of approximately $11.23 per share of the Company’s Class A common stock, representing an initial conversion premium of approximately 30% above the closing price of $8.64 per share of the Company’s Class A common stock on December 7, 2022.

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