Key Developments: Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

26.13USD
17 Apr 2014
Price Change (% chg)

$-0.06 (-0.23%)
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Latest Key Developments (Source: Significant Developments)

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.  Full Article

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.  Full Article

Rent-A-Center Inc Announces Increased Authorization Of Stock Repurchases
Friday, 26 Apr 2013 04:23pm EDT 

Rent-A-Center Inc announced that its Board of Directors has increased the authorization for stock repurchases under the Company's common stock repurchase plan from $1 billion to $1.25 billion. Under the Company's common stock repurchase plan, shares may, from time to time, be repurchased in the open market or in privately negotiated transactions at amounts considered appropriate by the Company. To date, the Company has repurchased a total of 31,585,314 shares of the Company's common stock for an aggregate purchase price of approximately $794.8 million since the repurchase plan's inception. In the current year, the Company has repurchased a total of 465,035 shares for approximately $17.4 million in cash.  Full Article

Rent-A-Center Inc Lowers FY 2013 Guidance; Lowers FY 2013 Same Stores Sales Guidance
Monday, 22 Apr 2013 04:18pm EDT 

Rent-A-Center Inc announced that for fiscal 2013, it expects 3.5% to 5.5% total revenue growth, Approximately 1.0% to 2.0% same store sales growth, EBITDA of approximately $400 million and diluted earnings per share(EPS) in the range of $2.95 to $3.10, including approximately $0.25 per share dilution related to the Company's international growth initiatives. The Company reported revenues of $3.083 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.258 billion, EBITDA of $418 million and EPS of $3.31 for fiscal 2013.  Full Article

Rent-A-Center Inc Declares Cash Dividend for Second Quarter of 2013
Thursday, 7 Mar 2013 04:15pm EST 

Rent-A-Center Inc announced that its Board of Directors has declared a $0.21 per share cash dividend for the second quarter of 2013 to be paid to the Company`s common stockholders. The dividend will be paid on April 25, 2013, to common stockholders of record as of the close of business on April 4, 2013.  Full Article

Rent-A-Center Inc Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance Below Analysts' Estimates; Comments On FY 2013 Same Store Sales Growth
Monday, 28 Jan 2013 04:15pm EST 

Rent-A-Center Inc announced that for fiscal 2013, it expects 5.0% to 8.0% total revenue growth, approximately 2.0% to 4.0%same store sales growth and Diluted earnings per share (EPS) in the range of $3.25 to $3.40. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.137 billion and EPS of $3.28 and EPS of $3.49 for fiscal 2013.  Full Article

easyhome Ltd Completes An Exchange Of Stores With Rent-A-Center, Inc
Wednesday, 2 Jan 2013 09:00am EST 

easyhome Ltd announced an exchange of stores with Rent-A-Center, Inc., a U.S. based merchandise leasing company (the Transaction). The Transaction, which closed on December 31, 2012, consisted of the concurrent sale of the assets and operations of 15 leasing stores owned by easyhome in the United States and the purchase of the assets and operations of 15 leasing stores in Canada owned by Rent-A-Centre Canada, Ltd. The first component of the exchange involved the sale of 15 leasing stores, all located in the State of New York. After the close of the Transaction, easyhome no longer operates any corporately owned locations outside of Canada. The second component of the exchange involved the purchase of the assets and operations of 15 Rent-A-Centre Canada, Ltd. leasing stores located across Canada.  Full Article

Rent-A-Center Inc Increases Quarterly Cash Dividend from $0.16 to $0.21
Monday, 17 Dec 2012 09:03am EST 

Rent-A-Center Inc announced that its Board of Directors has approved a 31% increase in its quarterly cash dividend from $0.16 per share to $0.21 per share, beginning with the dividend for the first quarter of 2013. The dividend will be paid on January 24, 2013, to common stockholders of record as of the close of business on January 3, 2013.  Full Article

Rent-A-Center Inc Declares Cash Dividend for the Fourth Quarter of 2012
Monday, 10 Sep 2012 04:08pm EDT 

Rent-A-Center Inc announced that its Board of Directors has declared a $0.16 per share cash dividend for the fourth quarter of 2012 to be paid to the Company‚Äôs common stockholders. The dividend will be paid on October 24, 2012, to common stockholders of record as of the close of business on October 1, 2012.  Full Article

Rent-A-Center, Inc. Reaffirms FY 2012 Guidance; Reaffirms FY 2012 Same Store Sales Guidance-Conference Call
Wednesday, 6 Jun 2012 02:15pm EDT 

Rent-A-Center, Inc. announced that for fiscal 2012, it expects revenue to be in the range of 7%-10%, same-store sales in the range of 2.5%-4.5% and earnings per share to be in the range of $3-$3.20. The Company reported revenue of $2.882 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.148 billion and EPS of $3.13 for fiscal 2012.  Full Article

BRIEF-Rent A Center-shares down 12.9 pct after the bell following results, guidance

NEW YORK, Jan 27 - Rent-A-Center Inc : * Shares were down 12.9 percent after the bell following results, guidance

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