EZCORP Announces Upsize and Pricing of Private Offering of $200 Million of Convertible Senior Notes
Vinson & Elkins advised EZCORP, Inc. (the “Company”), a leading provider of pawn transactions in the United States and Latin America, announced the pricing of its private offering of $200,000,000 aggregate principal amount of its convertible senior notes due 2029 (the “Convertible Notes”) on December 8, 2022.
The offering was upsized from the previously announced offering size of $175,000,000 aggregate principal amount of Convertible Notes. The Company granted an option to the initial purchasers to purchase, for settlement within a 13-day period from, and including, the date on which the Convertible Notes are first issued, up to an additional $30,000,000 aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on December 12, 2022, subject to customary closing conditions.
The Vinson & Elkins team was led by partners Robert Kimball and David Stone, senior associates Stancell Haigwood and Alex Lewis and associates Claire Wenholz, Griff Kimball and Bennett Robinson. Other key team members include partner Wendy Salinas and associate Tyler Underwood; and partners David D’Alessandro and Shane Tucker and counsel Heather Johnson.
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