CURO Group Holdings Corp. Closes $109 Million Stock Offering

May 22, 2018

Willkie represents both the company and the selling stockholders in the transaction.

On May 21, CURO Group Holdings Corp. announced the closing of an underwritten public offering of 5,000,000 shares of its common stock by certain selling stockholders at a price to the public of $23.00 per share. Additionally, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of the company’s common stock. The offering resulted in $109,250,000 proceeds to the selling stockholders before expenses. Willkie represented both the company and the selling stockholders in the transaction. 

Based in Wichita, Kansas, CURO is a technology-enabled, highly diversified consumer finance company. CURO was founded in 1997 to meet the growing needs of consumers looking for access to credit and offers a variety of financial and loan services to underbanked customers across the United States, Canada and the United Kingdom. In December 2017, Willkie represented CURO Group in its IPO.

The Willkie deal team on the current transaction was led by partners Thomas Mark and David Cosgrove and included associates Thomas Sharkey, Ransel Potter, Paul DeTurk and Joseph Schemo.