FirstCash Holdings, Inc. completed a private placement of $750 million in senior unsecured notes due 2034, priced at 6.125% on April 28, 2026 with closing expected on May 1, 2026.
The proceeds will be used to refinance existing debt and provide liquidity for store expansion and potential acquisitions. The placement upsizes the prior $600 million offering announced on April 30, 2026, reflecting strong investor demand and confidence in FirstCash’s credit profile.
FirstCash’s Q1 2026 results show revenue of $1.05 billion, up 25.7% year‑over‑year, and earnings per share of $2.69, beating estimates. Net profit margin stood at 9.1% for the twelve months ended March 31, 2026, underscoring the company’s solid cash‑flow generation and ability to service new debt.
CEO Rick Wessel said, “The additional capacity and extension of the credit facility provide us with five years of significant long‑term committed capital to further support our continued growth and expansion in both the U.S. and Latin America.”
Investor demand for the notes was robust, leading to the upsizing of the offering. The attractive 6.125% coupon and senior unsecured status were key factors driving the strong subscription, indicating market confidence in FirstCash’s business model and growth prospects.
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