ezcorp inc shares were down 15 to 899 after the company said it intends to offer 175 million in its convertible senior notes due 2029 in a private offering the pawnshop company said expects to grant the initial purchasers an option to buy up to an additional 25 million of the convertible notes the convertible notes are expected to pay interest semiannually in arrears and will be convertible into cash shares of the companys class a common stock or a combination of the two at the companys election the convertible notes will mature on dec 15 2029 unless earlier converted redeemed or repurchased in accordance with their terms prior to such date ezcorp expects to use up to the full proceeds from the offering to repurchase a portion of its outstanding 2875 convertible senior notes due 2024 andor 2375 convertible senior notes due 2025 the company intends to use any excess proceeds for general corporate purposes and may also use all or a portion of the remaining proceeds from the offering to repurchase other shares of its common stock