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Rent-A-Center Inc Announces Pricing Of $250 Million Offering Of 4.75% Senior Notes Due 2021


Monday, 29 Apr 2013 05:57pm EDT 

Rent-A-Center Inc announced that it has priced a private offering of $250 million in aggregate principal amount of senior unsecured notes due 2021 (the notes), which will bear interest at a rate of 4.75% per annum. The Company anticipates that consummation of the offering will occur on May 2, 2013, and 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

32.72
0.54 +1.68%
21 Nov 2014