Aaron’s borrows $300 million under revolver to increase cash balance

By Sara Rosenberg

New York, March 23 – Aaron’s Inc. drew $300 million under its revolving credit facility to bolster its cash position, according to a news release.

The company has $185 million of remaining availability under the revolver and has a cash balance of about $550 million as of March 15 when including the new revolver draw.

Aaron’s is an Atlanta-based omnichannel provider of lease-purchase solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.