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Goeasy Ltd. Secures Lender Concessions Amid Loan Loss Surge

3/25/2026

29 4 Full Breakdown

Summary

Story summary

Goeasy Ltd. faces challenges after a surge in loan losses at LendCare.
To maintain funding, it secured lender concessions including waivers on covenants and tighter facility terms.
The stock rebounded 2.47% after a 50% drop, while a C$331 million writedown for Q4 2025 is projected.
Goeasy holds C$240 million in cash, but rising borrowing costs and earnings uncertainty pose risks ahead of March 31 earnings.

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Story summary

Goeasy Ltd. faces challenges after a surge in loan losses at LendCare.
To maintain funding, it secured lender concessions including waivers on covenants and tighter facility terms.
The stock rebounded 2.47% after a 50% drop, while a C$331 million writedown for Q4 2025 is projected.
Goeasy holds C$240 million in cash, but rising borrowing costs and earnings uncertainty pose risks ahead of March 31 earnings.