Conn's, Inc. (NASDAQ: CONN), a specialty retailer of home appliances,
furniture, mattresses, consumer electronics and provider of consumer
credit, today announced that it completed an expansion and extension of
its asset-based loan facility with a syndicate of banks.
Under the amended terms, the revolving facility commitment increased
$265 million to $850 million and the maturity date was extended to
November 2017. Commitment levels within the existing syndicate of banks
increased $165 million. Four additional lenders joined the bank
syndicate, accounting for the balance of the $265 million expansion in
commitments under the asset-based loan facility. Borrowing costs under
the facility were also reduced by 25 basis points.
About Conn's, Inc.
Conn's is a specialty retailer currently operating over 70 retail
locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico. The
Company's primary product categories include:
Home appliance, including refrigerators, freezers, washers, dryers,
dishwashers and ranges;
Furniture and mattress, including furniture and related accessories
for the living room, dining room and bedroom as well as both
traditional and specialty mattresses;
Consumer electronic, including LCD, LED, 3-D and plasma televisions,
Blu-ray players, home theater and video game products, camcorders,
digital cameras, and portable audio equipment; and
Home office, including computers, tablets, printers and accessories.
Additionally, the Company offers a variety of products on a seasonal
basis. Unlike many of its competitors, the Company provides flexible
in-house credit options for its customers, in addition to third-party
financing programs and third-party rent-to-own payment plans.
CONN-G
Conn's, Inc. Investor Contact: S.M. Berger & Company Andrew
Berger, 216-464-6400
Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its appliances include refrigerators, washers and dryers, dishwashers, cooktops, ranges, wall ovens, microwaves, vacuum cleaners, range hoods, parts and accessories, and air conditioners.
CONN'S, INC. 
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