Conn's amends asset-based revolver, expanding size to $525 million

By Sara Rosenberg

New York, Sept. 27 - Conn's Inc. increased its asset-based revolving credit facility by $75 million to $525 million and extended the maturity to Sept. 26, 2016, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Also, pricing on the revolver was reduced.

With the upsizing, new lenders were added and some lenders were removed.

Bank of America is the administrative agent on the deal.

Conn's is a The Woodlands, Texas-based specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit.

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