trending Market Intelligence /marketintelligence/en/news-insights/trending/ZxJ7M4Utw6mX52ZTiM8I8w2 content esgSubNav
In This List

FirstCash increases credit facility amount

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


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.