STOCK TITAN

CURO Group Holdings Corp - CURO STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CURO Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CURO Group Holdings's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.65%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-41.05%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-41.05%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.88%
Tags
none
-
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.71%
Tags
earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
CURO Group Holdings Corp

NYSE:CURO

CURO Rankings

CURO Stock Data

2.89M
21.94M
46.59%
23.72%
3.11%
All Other Nondepository Credit Intermediation
Finance and Insurance
Link
US
Wichita

About CURO

in 1997, the company was founded in riverside, california by three wichita, kansas childhood friends to meet the growing consumer need for short-term loans. they set out to offer a variety of convenient, easily-accessible financial and loan services in a safe, clean and professional environment. their success led to opening stores in multiple locations across the united states, and expanding to offer online loans and financial services across the nation. today, curo financial technologies corp operates under a number of brands including speedy cash, rapid cash, cash money, lenddirect, avío credit, opt+, juo loans and wagedayadvance. with over 20 years of operating experience, curo financial technologies corp provides financial freedom to the underbanked, a large and growing market. our financial technology team has created a unique, fully integrated system for end-to-end ownership of our financial and loan transactions.