Joint Bookrunning Manager
CURO Group Holdings Corp.
Equity Capital Markets
Secondary Offering
Transaction Details
- On May 16, 2018, CURO Group Holdings Corp. (NYSE: CURO) announced the pricing of an underwritten secondary offering of 5,000,000 shares of its common stock at a price to the public of $23.00 per share
- The offering consisted entirely of secondary shares sold by FFL Partners, certain CURO founders and certain CURO employees (the “selling stockholders”)
- The selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of CURO common stock
- CURO will not receive any proceeds from the sale of shares by the selling stockholders
- Stephens Inc. served as Joint Bookrunning Manager for this secondary offering, and previously served as Joint Bookrunning Manager for CURO’s IPO
About the company
CURO (NYSE: CURO), 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, Avio Credit, WageDayAdvance, Juo Loans, and Opt+. With over 20 years of operating experience, CURO provides financial freedom to the underbanked.
Sources: Company filings.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1711291/000119312518162537/d579650ds1.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.