FirstCash Upsizes 2034 Senior Notes to $750 Million at 6.125%
FirstCash’s subsidiary increased its private offering by $150 million to $750 million of unsecured senior notes due 2034, with a 6.125% semiannual coupon. Proceeds will refinance existing debt, boost liquidity and fund future growth, with closing expected May 1, 2026 upon customary conditions.
1. Offering Details
FirstCash, Inc. upsized its private placement of senior notes by $150 million, bringing the total to $750 million of unsecured senior notes due May 1, 2034. The notes carry a fixed interest rate of 6.125% per annum, payable semiannually on May 1 and November 1, starting November 1, 2026.
2. Guarantees and Security
The new notes are unsecured senior obligations of the issuer and are guaranteed by FirstCash Holdings and its domestic subsidiaries that back its revolving credit facility and existing senior unsecured notes, providing investors with broad corporate support.
3. Use of Proceeds
Net proceeds will be used to repay existing indebtedness, enhancing the company’s liquidity position. Remaining funds will support future growth initiatives and general corporate purposes after payment of fees and expenses related to the offering.
4. Closing and Conditions
The offering is structured as a private placement under Rule 144A and Regulation S, targeting qualified institutional buyers and non-U.S. persons. The transaction is expected to close on May 1, 2026, subject to customary closing conditions.