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Rent-A-Center Inc Announces Intention To Offer $250 Million In Senior Unsecured Notes


Monday, 29 Apr 2013 07:34am EDT 

Rent-A-Center Inc announced that it intends, subject to market conditions, to offer $250 million in aggregate principal amount of senior unsecured notes due 2021 (the notes) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act). The Company intends to use the net proceeds of the offering to repay $46 million of the revolving loans outstanding under its revolving credit facility and apply the remainder to accelerated common stock repurchases as market conditions permit and, to the extent not so applied, for general corporate purposes. 

Company Quote

23.98
-0.79 -3.19%
21 Jul 2014