CURO Group Holdings Corp. | Stephens

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We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

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Co-Manager

CURO Group Holdings Corp.

$690 Million 08/13/2018 Specialty Finance Complete
Public Companies
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Transaction Details

  • On August 13, 2018, CURO Group Holdings Corp. (“CURO” or the “Company”) announced that it intends to issue $690 million of 8.250% senior secured notes due September 1, 2025
  • CURO is a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumer in the United States, Canada and the United Kingdom
  • The Company will use the net proceeds of the offering, together with available cash, to redeem the Company’s existing 12.000% senior secured notes due 2022, to repay debt outstanding under the Company’s five year revolving credit facility, and for general corporate purposes
  • Stephens Inc. served as Co-Manager on the offering

About the company

CURO Group Holdings Corp., operating in three countries and powered by its fully integrated technology platform, is a market leader by revenues in providing short-term credit to underbanked consumers. In 1997, the Company was founded in Riverside, California by three Wichita, Kansas childhood friends to meet the growing consumer need for short-term loans. Their success led to opening stores across the United States, and expanding to offer online loans and financial services across three countries. Today, CURO combines its market expertise with a fully integrated technology platform, omni-channel approach and advanced credit decisioning to provide an array of short-term credit products across all mediums. CURO operates under a number of brands including Speedy Cash, Rapid Cash, Cash Money, LendDirect, Avío Credit, WageDayAdvance, Juo Loans and Opt+. With over 20 years of operating experience, CURO provides financial freedom to the underbanked.

Sources: Transaction Press Release, Public Filings and CURO’s website.
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