EZCORP Finalizes $300 Million Notes Offering with White & Case LLP Advisory
Deal News | May 19, 2025 | White & Case LLP
White & Case LLP, a global law firm, advised a group of financial institutions on the US$300 million offering of 7.375% senior notes due 2032 by EZCORP, Inc. The transaction's proceeds were used to repay the company’s outstanding 2.375% convertible senior notes due 2025. The remainder of the funds will be used for general corporate purposes. The legal advisory team from White & Case was led by Capital Markets partner Jonathan Michels and included several associates, all based in New York.
Sectors
- Legal Advisory
- Financial Services
- Consumer Finance
Geography
- United States – EZCORP, Inc. is a leading provider of pawn services with operations primarily in the United States.
- Latin America – EZCORP, Inc. extends its pawn services throughout Latin America.
Industry
- Legal Advisory – White & Case LLP provided legal services to financial institutions as part of a senior notes offering.
- Financial Services – The transaction involved financial institutions as the initial purchasers of the notes.
- Consumer Finance – EZCORP, Inc. operates in the pawn loan industry, providing financial services to consumers in the US and Latin America.
Financials
- $300 million – The total value of the notes offering by EZCORP, Inc.
- 7.375% – The interest rate on the senior notes due 2032.
- 2.375% – Interest rate of the convertible senior notes due 2025 being repaid.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EZCORP, Inc. | Target Company | Company | A leading provider of pawn services in the United States and Latin America. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the US$300 million notes offering. |
| Jonathan Michels | Lead Partner | Person | Capital Markets partner leading the White & Case advisory team. |
| Brian Munsie | Capital Markets Associate | Person | Capital Markets associate on the White & Case advisory team. |
| Carolina Tiru Vega | Capital Markets Associate | Person | Capital Markets associate on the White & Case advisory team. |
| Sonia Patel | Debt Finance Associate | Person | Debt Finance associate on the White & Case advisory team. |
| Ryan Sharpstene | Law Clerk | Person | Law clerk assisting the White & Case advisory team. |