Rent-A-Center, Inc. Announces Redemption of Remaining $75,375,000 of 7½% Senior Subordinated Notes Due 2010

PLANO, Texas--(Business Wire)--
Rent-A-Center, Inc. (the "Company") (NASDAQ/NGS:RCII), the nation`s largest
rent-to-own operator, today announced that it has provided notice to the Bank of
New York Mellon Trust Company, the indenture trustee, of its election to redeem
all of its outstanding 7½% Senior Subordinated Notes due 2010 in the aggregate
principal amount of $75,375,000 (the "Redeemed Notes"), at a redemption price
equal to 100% of the principal amount outstanding, plus accrued interest to the
redemption date (the "Redemption Price"). Under the terms of the indenture, the
notes are redeemable at par at the Company`s option beginning May 1, 2009. The
notes will be redeemed in accordance with their terms and the Company expects
the redemption to occur on or about July 28, 2009 (the "Redemption Date"). On
the Redemption Date, the Redemption Price will become due and payable, and
interest on the Redeemed Notes will cease to accrue. Following the Redemption
Date, all of the Company`s 7½% Senior Subordinated Notes due 2010 will have been
paid in full.

The Company expects to fund the Redemption Price primarily with cash flow
generated from operations, together with amounts available under its senior
credit facilities.

This press release does not constitute a notice of redemption of the 7½% Senior
Subordinated Notes due 2010. The redemption is being made solely pursuant to a
notice of redemption dated June 10, 2009, which will be delivered to the holders
of the notes by The Bank of New York Mellon Trust Company.

Rent-A-Center, Inc., headquartered in Plano, Texas, currently operates
approximately 3,000 company-owned stores nationwide and in Canada and Puerto
Rico. The stores generally offer high-quality, durable goods such as major
consumer electronics, appliances, computers and furniture and accessories under
flexible rental purchase agreements that generally allow the customer to obtain
ownership of the merchandise at the conclusion of an agreed upon rental period.
ColorTyme, Inc., a wholly owned subsidiary of the Company, is a national
franchiser of approximately 220 rent-to-own stores operating under the trade
name of "ColorTyme."

This press release contains forward-looking statements that involve risks and
uncertainties. Such forward-looking statements generally can be identified by
the use of forward-looking terminology such as "may," "will," "expect,"
"intend," "could," "estimate," "should," "anticipate," or "believe," or the
negative thereof or variations thereon or similar terminology. Although the
Company believes that the expectations reflected in such forward-looking
statements will prove to be correct, the Company can give no assurance that such
expectations will prove to have been correct. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. Except as required by law, the Company is not
obligated to publicly release any revisions to these forward-looking statements
to reflect the events or circumstances after the date of this press release or
to reflect the occurrence of unanticipated events.

Rent-A-Center, Inc.
David E. Carpenter, 972-801-1214
Vice President of Investor Relations
david.carpenter@rentacenter.com

Copyright Business Wire 2009