Conn's, Inc. CONN, a specialty retailer of home appliances,
furniture, mattresses and consumer electronics and provider of consumer
credit, today announced the sale and long-term lease back of four owned
properties to STORE Capital Acquisitions, LLC. The Company received net
proceeds of approximately $22.4 million in connection with the sale, which was
used to repay borrowings under its real estate loan and asset-based lending
facility. Three of the locations are in Texas and the fourth is in New Mexico.
“We appreciate STORE's assistance in completing this transaction, allowing us
to dedicate our capital to our core business and growth plans,” commented
Theodore M. Wright, the Company's Chairman and CEO.
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