-- FirstCash (FCFS) said Monday that its subsidiary has commenced a $600 million offering of senior notes due 2034 through a private placement.
The company intends to use the proceeds from the offering to repay a portion of FirstCash's outstanding borrowings under its credit facilities, FirstCash said.
The notes will be an unsecured senior obligation and will be guaranteed by the company and its domestic subsidiaries, FirstCash said.
Shares of the company were down more than 1% in Monday trading.
Price: $215.99, Change: $-3.01, Percent Change: -1.37%