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Conn’s, Inc. Increases ABL Facility to $585 Million

March 28, 2013, 07:11 AM
Filed Under: Retail
Related: Conns, Retail

Conn’s, Inc., a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, announced that it completed an expansion of its asset-based loan facility with a syndicate of banks.

The revolving facility commitment increased $40 million to $585 million. The maturity date of September 2016 and other terms of the amended and restated facility remained unchanged.

Conn’s is a specialty retailer currently operating 68 retail locations in Texas, Louisiana, Oklahoma, New Mexico and Arizona.

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