Subprime Lender Goeasy Secures Debt Relief After Share Slide

Goeasy Ltd. won concessions from its lenders to keep key funding lines open after a surge in loan losses at its troubled auto lending unit sent shares and bonds tumbling,...

By Paula Sambo · Bloomberg

Goeasy Ltd. won concessions from its lenders to keep key funding lines open after a surge in loan losses at its troubled auto lending unit sent shares and bonds tumbling, deepening scrutiny of the Canadian subprime lender’s financing model.