Curo talks $675 million seven-year secured notes to yield 8%-8¼%; pricing Monday

By Paul A. Harris

Portland, Ore., Aug. 13 – Curo Group Holdings Corp. talked its $675 million offering of seven-year senior secured notes (B3/B-) to yield 8% to 8¼%, according to a syndicate source.

Official talk comes on top of initial price talk.

Books close at 2:30 p.m. ET on Monday, and the Rule 144A and Regulation S for life deal is set to price thereafter.

Jefferies LLC is the left bookrunner. Credit Suisse Securities (USA) LLC is the joint bookrunner. Stephens Inc. is the co-manager.

The notes come with three years of call protection.

The Wichita, Kan.-based consumer finance company plans to use the proceeds to repay debt.

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