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CURO Group Holdings Corp. - CURO STOCK NEWS

Welcome to our dedicated page for CURO Group Holdings news (Ticker: CURO), a resource for investors and traders seeking the latest updates and insights on CURO Group Holdings stock.

CURO Group Holdings Corp. (NYSE: CURO) is a leading provider of financial solutions, offering a wide range of services to meet the evolving needs of consumers. Founded in 1997 in Riverside, California, by three childhood friends from Wichita, Kansas, CURO has grown from a single storefront to a multi-brand powerhouse with a significant online presence.

CURO operates under various well-known brands including Speedy Cash, Rapid Cash, Cash Money, LendDirect, Avío Credit, Opt+, Juo Loans, and WageDayAdvance. These brands offer a variety of financial products such as short-term loans, installment loans, lines of credit, and other financial services. The company prides itself on providing financial freedom to the underbanked, a segment of the market that often lacks access to traditional banking services.

With over 20 years of operational experience, CURO has developed a robust financial technology platform that ensures seamless and efficient transaction processing. The company’s unique, fully integrated system allows for end-to-end ownership of every financial transaction, ensuring high-quality service and customer satisfaction.

Recent achievements include the expansion of online services, strategic partnerships to enhance service offerings, and continuous improvements in their technology infrastructure to better serve their customers. CURO’s financial condition remains strong, with a focus on sustainable growth and profitability. The company is committed to innovation and adapts quickly to changes in the financial landscape, ensuring they remain a trusted partner for their customers' financial needs.

News

CURO Group Holdings Corp. to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement; Implements Prepackaged Restructuring Plan by Commencing Voluntary Chapter 11 Reorganization

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CURO Group Holdings Corp. announced a Restructuring Support Agreement (RSA) supported by over 74% of key lenders and note holders, leading to voluntary Chapter 11 petitions to implement a financial restructuring plan. The plan aims to reduce debt by approximately $1 billion, saving around $75 million in cash interest annually, enabling long-term growth. CURO secures $70 million in debtor-in-possession financing to support ongoing operations during the restructuring process.
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CURO Group Holdings Corp. Enters Forbearance Agreement Amendments and Waiver Amendment to Allow for Continued Constructive Discussions with Lenders and Stakeholders

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CURO Group Holdings Corp. announces extension of forbearance agreements and waiver amendment with lenders until March 25, 2024, to address default events under credit agreements.
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CURO Group Holdings Corp. Enters Forbearance Agreements and Waiver to Allow for Continued Constructive Discussions with Lenders and Stakeholders

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CURO Group Holdings Corp. (NYSE: CURO) announces forbearance agreements with majority note holders and a waiver of default events, providing financial relief until March 18, 2024. The agreements aim to strengthen the company's balance sheet and enhance long-term growth prospects.
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CURO Group Holdings Corp. Announces Expiration and Results of Consent Solicitation for its 7.500% Senior 1.5 Lien Secured Notes Due 2028

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CURO Group Holdings Corp. announced the expiration and results of its consent solicitation from holders of its outstanding 7.500% Senior 1.5 Lien Secured Notes due 2028, obtaining consents from approximately 97% of the aggregate principal amount of the Notes outstanding. The purpose was to waive a potential default and extend the grace period for an interest payment default under the Indenture. The Company, Guarantors, and Trustee executed a supplemental indenture effecting the Proposed Waiver and Amendment.
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CURO Group Holdings Corp. Reports Preliminary Fourth Quarter and Full Year 2023 Financial Results

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CURO Group Holdings Corp. (NYSE: CURO) announced preliminary financial results for its fourth quarter and full year ended December 31, 2023. Gross loans receivables increased 3.3% year-over-year to $1.3 billion, with a total fourth quarter revenue of $168.2 million. The net charge-off rate improved by 440 bps year-over-year to 16.5%. The company reported a marked reduction in operating expenses and engaged in constructive dialogue with lenders to strengthen its balance sheet.
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CURO Group Holdings Corp. Announces Consent Solicitation for 7.500% Senior 1.5 Lien Secured Notes Due 2028

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CURO Group Holdings Corp. is soliciting consents from all registered holders of its outstanding 7.500% Senior 1.5 Lien Secured Notes due 2028 to waive a potential default and extend the grace period for an interest payment default under the Indenture. The Consent Solicitation will expire on February 7, 2024, and if the Required Consents are obtained, a Supplemental Indenture will be executed.
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CURO to Announce Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 7, 2024

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CURO Group Holdings Corp. (NYSE: CURO) will release its fourth quarter and full year 2023 financial results on February 7, 2024. The company will host a conference call to discuss the results at 8:00 a.m. Eastern Time. The webcast can be accessed at the CURO Investors website, along with the earnings press release and presentation slides.
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CURO Group Holdings Corp. Closes Two Non-Recourse Facilities and Flexiti Escrow

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CURO Group Holdings Corp. (NYSE: CURO) announced new $140 million asset-backed warehouse facility for future loans, with potential to increase to $175 million, and an amendment to its Canadian revolving credit facility to increase borrowing capacity to C$150 million. CURO also received approximately C$27 million in unrestricted cash amounts from Questrade as part of the purchase price for Flexiti.
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CURO Group Holdings Corp. Reports Third Quarter 2023 Financial Results

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CURO Group Holdings Corp. announced financial results for Q3 2023. Gross loans receivable increased 2% to $1.25 billion. Total revenue was $167.9 million. Net charge-off rate improved by 110 bps to 17.7%.
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CURO Group Holdings Corp. Receives Continued Listing Standard Notice From the NYSE

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CURO Group Holdings Corp. received a notice from the NYSE stating that it is no longer in compliance with the NYSE continued listing standards due to the average closing price of its common stock being below $1.00 per share. The company has six months to regain compliance and must have a closing price and average closing price of at least $1.00 per share. If it fails to regain compliance, the NYSE will initiate procedures to suspend and delist the stock.
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FAQ

What is the market cap of CURO Group Holdings (CURO)?

The market cap of CURO Group Holdings (CURO) is approximately 2.9M.

What services does CURO Group Holdings Corp. provide?

CURO offers short-term loans, installment loans, lines of credit, and other financial services through various brands like Speedy Cash and Rapid Cash.

When was CURO Group Holdings Corp. founded?

CURO was founded in 1997 in Riverside, California.

What are some of the brands under CURO Group Holdings Corp.?

Some of the brands include Speedy Cash, Rapid Cash, Cash Money, LendDirect, Avío Credit, Opt+, Juo Loans, and WageDayAdvance.

What is CURO’s primary customer base?

CURO primarily serves the underbanked, offering financial services to those who may not have access to traditional banking.

How has CURO expanded its services over the years?

CURO has expanded from physical stores to include a significant online presence, providing convenient financial services nationwide.

What makes CURO’s technology platform unique?

CURO has a fully integrated financial technology platform that allows for end-to-end ownership of transactions, ensuring efficiency and quality service.

How does CURO ensure customer satisfaction?

CURO ensures customer satisfaction through continuous innovation, efficient service delivery, and a robust technology infrastructure.

What recent achievements has CURO attained?

Recent achievements include expanding online services, forming strategic partnerships, and enhancing their technology infrastructure.

Where is CURO Group Holdings Corp. headquartered?

CURO is headquartered in Wichita, Kansas.

What is CURO’s approach to growth and profitability?

CURO focuses on sustainable growth and profitability by innovating and adapting to changes in the financial landscape.

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CURO Group Holdings Corp.

NYSE:CURO

CURO Rankings

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CURO Stock Data

2.89M
21.94M
46.59%
23.72%
3.11%
Credit Services
Financial Services
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United States
Chicago