Conn’s, Inc. Announces Early Results of Tender Offer for 7.250% Senior Notes due 2022
|Title of Security||CUSIP No.||Outstanding
Tendered at Early
|7.250% of Senior Notes due 2022||208242 AB3||$||227,000,000||$||30.00||$||85,774,000|
The total consideration for each
It is anticipated that the payment date for the notes validly tendered and accepted for purchase at or prior to the Early Tender Deadline will be
Any holder who tenders its notes after the Early Tender Deadline may not withdraw their tender of notes, except as required by law.
Conn’s obligation to accept for purchase and to pay for the notes validly tendered and not validly withdrawn pursuant to the tender offer is subject to the satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. The complete terms and conditions of the tender offer are set forth in the Offer to Purchase. Holder of the notes are urged to read the Offer to Purchase carefully.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation for an offer to purchase any security, including the notes. The tender offer is being made solely by means of the Offer to Purchase, which sets forth the complete terms and conditions of the tender offer. The tender offer is not being made to holders of notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
About Conn’s, Inc.
Conn’s is a specialty retailer currently operating 144 retail locations in
- Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both traditional and specialty mattresses;
- Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;
- Consumer electronics, including LED, OLED, QLED, 4K Ultra HD, 8K and smart televisions, gaming products and home theater and portable audio equipment; and
- Home office, including computers, printers and accessories.
Additionally, Conn’s offers a variety of products on a seasonal basis. Unlike many of its competitors, Conn’s provides flexible in-house credit options for its customers in addition to third-party financing programs and third-party lease-to-own payment plans.
This press release contains forward-looking statements, that involve risks and uncertainties. Such forward-looking statements include information concerning the tender offer. Statements containing the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “predict,” “will,” “potential,” or the negative of such terms or other similar expressions are generally forward-looking in nature and not historical facts. Such forward-looking statements are based on our current expectations. We can give no assurance that such statements will prove to be correct, and actual results may differ materially. A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by our forward-looking statements, including, the risks detailed in Part I, Item 1A, Risk Factors, in our Annual Report on Form 10-K for the fiscal year ended
Source: Conn's, Inc.