Rent-A-Center, Inc. Announces Pricing of $250 Million Offering of 4.75% Senior Notes Due 2021
The notes and the related guarantees will be offered only to qualified
institutional buyers in reliance on the exemption from registration set
forth in Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
This press release includes forward-looking statements. These
statements may relate to, among other things, expectations regarding
revenues, cash flows, capital expenditures and other financial items.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as “may,” “will,” “would,” “expect,”
“intend,” “could,” “estimate,” “should,” “anticipate” or “believe,” or
the negative thereof or variations thereon or similar terminology. The
Company believes the expectations reflected in such forward-looking
statements are accurate. However, there can be no assurance that these
expectations will occur. The Company’s actual future performance could
differ materially from such statements. Factors that could cause or
contribute to these differences, cause the Company to abandon the
transactions referred to in this press release, or impact the Company’s
ability to successfully complete the transactions referred to in this
press release include, but are not limited to: uncertainties regarding
the ability to open new locations; the Company’s ability to acquire
additional rent-to-own stores or customer accounts on favorable terms;
the Company’s ability to control costs and increase profitability; the
Company’s ability to enhance the performance of acquired stores; the
Company’s ability to retain the revenue associated with acquired
customer accounts; the Company’s ability to identify and successfully
market products and services that appeal to its customer demographic;
the Company’s ability to enter into new and collect on its rental or
lease purchase agreements; the passage of legislation adversely
affecting the rent-to-own industries; the Company’s compliance with
applicable statutes or regulations governing its transactions; changes
in interest rates; changes in the unemployment rate; economic pressures,
such as high fuel costs, affecting the disposable income available to
the Company’s current and potential customers; the general strength of
the economy and other economic conditions affecting consumer preferences
and spending; adverse changes in the economic conditions of the
industries, countries or markets that the Company serves; changes in the
Company’s stock price, the number of shares of common stock that it may
or may not repurchase, and future dividends, if any; changes in
estimates relating to self-insurance liabilities and income tax and
litigation reserves; changes in the Company’s effective tax rate;
fluctuations in foreign currency exchange rates; information security
costs; the Company’s ability to maintain an effective system of internal
controls; the resolution of the Company’s litigation; and the other
risks detailed from time to time in the reports filed by the Company
with the
Source:
Rent-A-Center, Inc.
David E. Carpenter, 972-801-1214
Vice
President of Investor Relations
david.carpenter@rentacenter.com