CURO Group Holdings (CURO) received an increase to its price target Tuesday from Janney Montgomery Scott following the short-term credit provider’s late-Monday pricing of $690 million in senior secured notes, upsized from its previous plan to offer $675 million of the notes.

Janney’s new price target on the stock is $36 per share, up from $33. This brings the target further above the stock’s Monday closing price of $27.25 as Janney kept its investment rating on the shares at buy.

In its late-Monday pricing disclosure, CURO said the notes in the $690 million offering will bear interest at a rate of 8.250% per annum, payable semi-annually on March 1 and Sept. 1 of each year.

Net proceeds will be used with available cash to redeem outstanding 12.000% senior secured notes of the company’s CURO Financial Technologies subsidiary, as well as to repay outstanding indebtedness under the CURO Receivables Finance I subsidiary, a five-year revolving credit facility, among other purposes.

In a note to clients, Janney said it expects CURO to save about $20 million, or about $0.30 per share, annually on interest expense as a result of the capital actions.

In turn, Janney increased its estimates for CURO’s earnings per share through 2020. The firm said its price-target boost on CURO’s stock resulted from the increased EPS estimate for 2019.