FORT WORTH, Texas , Aug. 11, 2020 (GLOBE NEWSWIRE) -- FirstCash, Inc. (Nasdaq: FCFS) today announced that it has commenced an offering through a private placement, subject to market and other conditions, of $400,000,000 in aggregate principal amount of senior notes due 2028. The Notes will be unsecured senior obligations of the Company.

The Company intends to use the proceeds from the offering to redeem all of the $300 million aggregate principal amount of the Company’s outstanding 5.375% senior notes due 2024 and to repay a portion of the Company’s revolving unsecured credit facility with the remaining proceeds, after payment of fees and expenses related to the redemption and offering.

About FirstCash

FirstCash is the leading international operator of pawn stores with more than 2,700 retail pawn locations and approximately 19,000 employees in 24 U.S. states, the District of Columbia and four countries in Latin America including Mexico, Guatemala, El Salvador and Colombia. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property.