Goeasy Ltd.

Right-Sized Facility to $910 million

Lowered Interest Rate by 35 bps

MISSISSAUGA, ON, Sept. 30, 2026 /CNW/ -- goeasy Ltd. (TSX: GSY), ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit scores, today announced the renewal of its revolving securitization warehouse facility collateralized by consumer loans (the "Facility") effective September 29, 2026, including its ability to make additional draws on the Facility subject to certain conditions.

The renewed Facility will provide total contractual borrowing capacity of $910 million, reduced from $1.12 billion to better align with goeasy's anticipated funding requirements during the renewed term and reduce costs associated with unused capacity. Advances under the Facility will bear interest at an annual rate of Adjusted Daily Compounded Canadian Overnight Repo Rate Average ("Adjusted CORRA") plus 275 bps, a 35 bps decrease from the 310 bps spread over Adjusted CORRA applicable under the Facility previously. The lending syndicate remains unchanged.

The Company has satisfied the conditions to incremental borrowing under the Facility that were agreed to with the lenders in March 2026, including delivery of a satisfactory audit report and the replacement of its backup servicer. With the renewal of the Facility, additional draws, which may only be made to fund new loan originations, will remain subject to customary borrowing conditions, including standard representations and compliance with applicable covenants, eligibility criteria and borrowing-base requirements. Additional draws to fund prior loan originations may be effected only after the Company's revolving credit facility has been extended to July 18, 2028 or a later date and the Company's financial forecast has been delivered and accepted by the Facility lenders.

"The renewal of our securitization warehouse facility, at a lower interest rate, reflects the ongoing support of our lending syndicate and the progress we have made in executing our six-point action plan," said Felix Wu, goeasy's Chief Financial Officer. "Reducing the size of the Facility better aligns with our anticipated funding needs and lowers our financing costs. The renewal is an important milestone as we continue to manage down our leverage."

The Company will continue to utilize an interest rate swap agreement to generate fixed rate payments on the amounts drawn. The maturity date for the renewed Facility is October 29, 2027.

Forward-Looking Statements

This press release includes forward-looking statements about goeasy, including statements relating to the Company's anticipated funding requirements, financing costs, liquidity, leverage, access to and use of additional draws under the Facility, the funding of new loan originations, delivery of the required financial forecast, maintenance, replacement or renewal of the Company's revolving credit facility, satisfaction of applicable borrowing conditions, continued availability and operation of the Facility, and the Company's ability to execute its business plan. Forward-looking statements are predictive in nature, depend upon or refer to future events or conditions, and may be identified by words such as "expect," "continue," "anticipate," "intend," "aim," "plan," "believe," "budget," "estimate," "forecast," "foresee" and "target," or negative versions of those words and similar expressions, or by statements that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on certain factors and assumptions, including the Company's continued compliance with the terms of the Facility and its other financing arrangements; the accuracy and acceptability of the financial forecast delivered to the applicable lenders; the maintenance, replacement or renewal of the Company's revolving credit facility on acceptable terms; the continued availability of eligible new loan originations and compliance with applicable eligibility criteria and borrowing-base requirements; the continued performance of the backup service provider; the availability of adequate liquidity and funding; and the absence of material adverse changes affecting the Company, its business or the lending syndicate.

Forward-looking statements are inherently subject to risks, uncertainties and other factors that may cause actual results or future events to differ materially from those expressed or implied. These factors include the Company's ability to satisfy the conditions applicable to additional draws; maintain compliance with representations, covenants, eligibility criteria and borrowing-base requirements; deliver forecasts acceptable to the applicable lenders; maintain, replace or renew its revolving credit facility; generate sufficient eligible new loan originations; maintain adequate liquidity; access capital on acceptable terms; manage credit risk; respond to changes in economic and market conditions, legislation and regulatory requirements; and manage the impact of litigation. The Company cautions that the foregoing list is not exhaustive. Further details concerning these and other risks are disclosed in the Company's most recent Annual Information Form and the Company's management's discussion and analysis for the year ended December 31, 2025 and the quarter ended June 30, 2026, including under the sections entitled "Risk Factors."

Readers are cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements, which may not be appropriate for other purposes. The Company is under no obligation, and expressly disclaims any obligation, to update or alter any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide.

Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture. Shares of goeasy Ltd. are listed on the Toronto Stock Exchange (TSX) under the symbol GSY. For more information, visit www.goeasy.com.

For investor inquiries, contact:

James Obright

Senior Vice President, Investor Relations & Capital Markets

investor_relations@goeasy.com

For media inquiries, contact:

mediainquiries@goeasy.com

SOURCE goeasy Ltd.

Experienced Canadian Financial Services Executive Brings Deep Expertise in Credit Risk, Analytics, Fraud Mitigation and Data Science

MISSISSAUGA, ON, Aug. 17, 2026 /CNW/ -- goeasy Ltd. (TSX: GSY) ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit scores, today announced the appointment of Mark Snyder as Chief Credit Risk & Data Officer, effective September 8, 2026.

"Mark is a highly respected leader with deep expertise in credit risk, analytics and data science," said Patrick Ens, Chief Executive Officer of goeasy. "His consumer credit experience and proven ability to lead integrated credit risk and data teams will further enhance our data-driven, analytical decision-making capabilities as we continue to strengthen our foundation for sustainable, profitable growth."

Mr. Snyder brings more than 20 years of experience leading credit risk, fraud mitigation, analytics and data science within the Canadian financial services industry. Most recently, he has served as Senior Vice President, Credit Risk & Data Analytics at President's Choice Financial, now part of EQ Bank, where his mandate includes credit and fraud risk, loss forecasting, and data and analytics.

Prior to joining President's Choice Financial, Mr. Snyder spent more than 20 years with Capital One, holding progressively senior credit leadership roles in the United States and Canada, including Divisional Credit Officer and Senior Credit Officer. At Capital One he was responsible for credit and fraud risk programs, portfolio performance, loss forecasting, model governance and significant credit exposure decisions. He also led the development and adoption of AI-driven decision models covering underwriting, customer management and fraud programs in sub-prime and near-prime segments.

As Chief Credit Risk & Data Officer at goeasy, Mr. Snyder will lead the Company's credit risk, analytics, business intelligence, data governance, emerging technologies and enterprise data science functions. Bringing Risk and Data together under one leader is expected to further strengthen goeasy's risk management, analytics and decision-making capabilities while supporting disciplined growth, stronger organizational performance and better customer experiences. 

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture. Shares of goeasy Ltd. are listed on the Toronto Stock Exchange (TSX) under the symbol GSY. For more information, visit www.goeasy.com. 

For investor inquiries, contact:

James Obright 

Senior Vice President, Investor Relations & Capital Markets 

investor_relations@goeasy.com 

For media inquiries, contact: 

mediainquiries@goeasy.com

Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the expected impact of the executive appointment and the Company's business, risk management, analytics and performance. Forward-looking information is based on current expectations and is subject to risks and uncertainties that could cause actual results to differ materially. Readers are referred to the Company's filings with the Canadian securities regulators, including the Company's Management's Discussion and Analysis for the year ended December 31, 2025 and the quarter ended June 30, 2026, each of which is available on SEDAR+ at www.sedarplus.ca. The risks and uncertainties described in the Company's filings are not the only ones that could affect the Company. Additional risks and uncertainties not currently known to management or that may currently not be considered material by management, could nevertheless also have an adverse effect on the Company's business. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. The Company undertakes no obligation to update such information except as required by law.

SOURCE goeasy Ltd.