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FirstCash increases credit facility amount

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FirstCash increases credit facility amount

FirstCash Inc. on Dec. 19 increased the total lender commitment under its unsecured bank credit facility to $500 million from $425 million.

The company attributed the increase to an incremental commitment from a new participating lender. The credit facility amendment also extended the maturity date to Dec. 19, 2024, from Oct. 4, 2023. However, the maturity date will accelerate to 90 days before the maturity of FirstCash's senior unsecured notes due June 1, 2024, if the notes are not refinanced or otherwise extended past Dec. 19, 2024.