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CURO Group IPO closes

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CURO Group IPO closes

CURO Group Holdings Corp.'s IPO of 6,666,667 common shares at $14.00 per share has closed.

The underwriters have an option to buy up to an additional 1 million common shares at the initial public offering price, minus the underwriting discount, to cover any overallotments.

The net proceeds to the company, after taking out estimated underwriting discounts and commissions and estimated offering expenses, are about $82.3 million. The company will use the net proceeds to purchase, repurchase, redeem or otherwise repay parts of the 12.00% senior secured notes due 2022 of its unit and to pay related fees, expenses, premiums and accrued interest.

Credit Suisse Securities (USA) LLC, Jefferies LLC and Stephens Inc. acted as joint book-running managers and as representatives of the underwriters. William Blair & Co. LLC also acted as a book-running manager.