Forex
FirstCash Boosts Credit Facility to $1.055 Billion
FirstCash Holdings has expanded its revolving unsecured credit facility to $1.055 billion from $700 million, marking a significant increase in funding capacity.
The amendment extends the maturity date to August 27, 2031, allowing borrowings in both U.S. Dollars and British Pounds Sterling, utilizing SONIA or SOFR benchmarks.
Additionally, the permitted consolidated net leverage ratio has increased to 3.5x consolidated EBITDA for the duration of the agreement.