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Share: goeasy Ltd. (TSX:GSY), ( goeasy or the Company ), a leading full-service provider of goods and alternative financial services, announced today that it has completed the establishment of a new $200 million revolving securitization warehouse facility (the Securitization Facility ), structured and underwritten by National Bank Financial Markets. The Securitization Facility, which will be collateralized by consumer loans originated by goeasy s wholly owned subsidiary, easyfinancial Services Inc., will have an initial term of three years and interest on advances will be payable at the rate of 1-month CDOR (Canadian Dollar Offered Rate) plus 295 bps. Based on the current 1-month CDOR rate of 0.47% as of December 9, 2020, the interest rate would be 3.42%. The Company also intends to establish an interest rate swap agreement to generate fixed rate payments on the amounts drawn and mitigate the impact of interest rate volatility. Proceeds from the Securitization Facility w

United statesJason mullinsHal khouriFarhan ali khanDigital finance institute canada topNational bank financialFintech companiesCompany credit facilityHabitat for humanityCorporate developmentServices incCanada top growing companiesSecuritization facilityCanadian dollar offered rateExecutive vice presidentChief financial officer