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Secondary offering of CURO Group Holdings common shares starts

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Secondary offering of CURO Group Holdings common shares starts

CURO Group Holdings Corp. announced a secondary offering of 5 million of its common shares by certain shareholders.

The selling shareholders plan to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares.

Based on a May 14 closing share price of $24.35 and assuming full exercise of the underwriters option, S&P Global Market Intelligence calculates a gross offering size of about $140.0 million.

CURO Group Holdings is not selling any shares and will not receive any proceeds from the sale, according to a news release.

Credit Suisse Securities (USA) LLC, Jefferies LLC and Stephens Inc. are acting as joint book-running managers, while William Blair & Co. LLC and Janney Montgomery Scott LLC are co-managers for the offering.