CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (OTC: CURO) (“CURO” or the “Company”) today announced that, on March 22, 2024, it entered into a Restructuring Support Agreement (“RSA”) that is supported by holders (or their investment managers) of more than 74% of each of: (i) loans under the Company’s First Lien Credit Agreement (“1L Lenders”), (ii) the Company’s 7.500% Senior 1.5 Lien Secured Notes due 2028 (the “1.5L Notes” and, such parties, the “1.5L Noteholders”), and (iii) the Company’s 7.500% Senior Secured Notes due 2028 (the “2L Notes” and, such parties, the “2L Noteholders”). ...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (OTC: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the United States and Canada, today announced that it has received notice on behalf of certain holders of the Company’s 7.500% Senior 1.5 Lien Secured Notes due 2028 (the “1.5L Noteholders”) and certain holders of the Company’s 7.500% Senior Secured Notes due 2028 (the “2.0L Noteholders”) that the requisite 1.5L Noteholders and requisite 2.0L Noteholders, in each case, consent to an extension of the scheduled expiration date under the forbear...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the United States and Canada, today announced that it entered into forbearance agreements (the “Forbearance Agreements”) with the holders of approximately 84% of the outstanding aggregate principal amount of the Company’s 7.500% Senior 1.5 Lien Secured Notes due 2028 (the “1.5L Noteholders”) and the holders of approximately 74% of the outstanding aggregate principal amount of the Company’s 7.500% Senior Secured Notes due 2028 (the “2.0L Note...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced the expiration and results of its previously announced consent solicitation (the “Consent Solicitation”) from all registered holders (individually, a “Holder,” and collectively, the “Holders”) of the Company’s outstanding 7.500% Senior 1.5 Lien Secured Notes due 2028 (the “Notes”), issued pursuant to the Indenture, dated as of May 15, 2023 (the “Indenture”), among the Company, the guarantors party thereto...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced preliminary financial results for its fourth quarter and full year ended December 31, 2023. "Throughout 2023, we executed on our plan to enhance our underwriting and credit performance and simplify our overall operations, including consolidating our U.S. footprint onto one loan management system and further scaling our data and technological capabilities," said Doug Clark, Chief Executive Officer at CUR...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced that it is soliciting consents (the “Consent Solicitation”) from all registered holders (individually, a “Holder,” and collectively, the “Holders”) of its outstanding 7.500% Senior 1.5 Lien Secured Notes due 2028 (the “Notes”), issued pursuant to the Indenture, dated as of May 15, 2023 (the “Indenture”), among the Company, the guarantors party thereto (the “Guarantors”) and U.S. Bank Trust Company, Nation...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that its fourth quarter and full year 2023 financial results will be released before market open on Wednesday, February 7, 2024. CURO will host a conference call to discuss its results at 8:00 a.m. Eastern Time on Wednesday, February 7. 2024. The live webcast of the call can be accessed at the CURO Investors website at , along with CURO’s earnings press release, and presentation slides. You may access the call at 1-64...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced that on November 3, 2023, Heights Financing II, LLC, an indirect wholly-owned subsidiary of CURO, entered into a new $140 million asset-backed warehouse facility to finance future loans originated by Heights Finance and affiliated entities. The capacity of this facility may be increased to $175 million upon satisfaction of certain conditions following the closing date. Also, on November 6, 2023, CURO Canada Receivables ...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced financial results for its third quarter ended September 30, 2023. “The third quarter marked another significant milestone with the sale of the Flexiti business which allows us to focus on being an industry leader in Direct Lending in the U.S. and Canada,” said Doug Clark, Chief Executive Officer at CURO. “We completed our conversion to a single loan management system across our U.S. footprint and contin...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE:CURO) today announced that on October 27, 2023, it received notice (the “Notice”) from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01C of the NYSE’s Listed Company Manual due to the fact that the average closing price of the Company’s common stock, par value $0.10 per share (the “Common Stock”), over the prior 30 consecutive trading days was below $1.00 per share. The Notice does not affect the Company’s business operations or its reporting o...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE:CURO) today announced that on October 16, 2023, it received notice (the “Notice”) from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual due to the fact that the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million while its stockholders’ equity was less than $50 million. The Notice does not affect the Company’s business operations or its reporting ...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that its third quarter 2023 financial results will be released before market open on Thursday, November 2, 2023. CURO will host a conference call to discuss its results at 8:30 a.m. Eastern Time on Thursday, November 2, 2023. The live webcast of the call can be accessed at the CURO Investors website at , along with CURO’s earnings press release, and presentation slides. You may access the call at 1-416-764-8624 (Toll ...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced Bob Hurzeler, Chief Executive Officer of Flagship Credit Acceptance, has been appointed to CURO’s Board of Directors effective September 1, 2023. In addition, CURO also announced it has completed the sale of its Canadian point-of-sale business, FLX Holding Corp. (“Flexiti”), to Questrade Financial Group Inc. After deal and transaction costs, approximately C$39 million of net proceeds were received at closing, inclusive of...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today received notice via a press release of a complaint filed by the Consumer Financial Protection Bureau (“CFPB”). The complaint relates to certain small loans originated by Heights Finance’s subsidiaries prior to its acquisition in 2021. CURO has previously disclosed the underlying civil investigative demand and our related indemnification rights in public filings with the Securities and Exchange Commission. Small l...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced an agreement with Toronto, Ontario-based payment technology company DirectPay (a Payment Source Inc. owned company), to further enhance CURO’s consumer loan repayment capabilities. Beginning in August 2023, CURO’s ~250,000 Cash Money and LendDirect customers in Canada will be able to choose Interac e-Transfer® to make highly secure, near real-time payments that will often process in under a few minutes. CURO already use...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced financial results for its second quarter ended June 30, 2023. “We delivered solid results in the second quarter as we continued to execute on all facets of our core business,” said Doug Clark, Chief Executive Officer. “Our fundamentals continued to gradually improve, with revenue, net charge-offs, gross loans receivable and expenses all matching or exceeding our expectations. As we look ahe...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that it has entered into a definitive agreement to sell its Canadian point-of-sale business FLX Holding Corp. (“Flexiti”) to Questrade Financial Group Inc., Canada’s largest independent online brokerage, for a purchase price of approximately C$55 million. The sale is expected to close in the third quarter of 2023, subject to agreed closing conditions, including receipt of required regulatory approvals. “We ...
CHICAGO--(BUSINESS WIRE)-- CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that its second quarter 2023 financial results will be released before market open on Thursday, August 3, 2023. CURO will host a conference call to discuss its results at 8:30 a.m. Eastern Time on Thursday, August 3, 2023. The live webcast of the call can be accessed at the CURO Investors website at , along with CURO’s earnings press release, and presentation slides. You may access the call at 1-416-764-8...
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