Rent-A-Center, Inc. Announces Completion of $750M Senior Credit Facility Refinancing
Rent-A-Center, Inc. (NASDAQ: RCII) today announced the completion of the previously announced refinancing of its senior credit facility. The new $750 million senior credit facility consists of $250 million in term loans and a $500 million revolving credit facility.
The Company drew down the $250 million in term loans and $100 million of the revolving facility today and utilized the proceeds to repay its existing senior term debt.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.