Conn's, Inc. Announces Availability of Presentation
The presentation describes the transactions that the Company is
anticipating completing as previously disclosed, including the recently
announced Subscription Rights Offering in the total amount of
To access the presentation please go to the following website: www.netroadshow.com.
Upon accessing the NetRoadshow website, please enter your email address
and the entry code: CONNS2010 (not case-sensitive) to view the
presentation. The audio replay will be available through
For first time NetRoadshow users: If you have not previously viewed a NetRoadshow presentation you will have to go through a quick one-time registration process. Please enter your email address as your login email. If you are a first time user, you will be required to fill out a simple form before accessing the presentation. Once you have the form filled out, you will be sent a verification email. Please be sure to click on the link in the email in order to confirm your registration for future use of NetRoadshow.
Important Notice
The Company has filed a registration statement (including a prospectus)
with the
You may obtain the foregoing documents, including the prospectus and the
prospectus supplement, for free by visiting EDGAR on the
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities to any person or entity in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Conn's, Inc.
The Company is a specialty retailer currently operating 76 retail
locations in
This press release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "could," "estimate," "should," "anticipate," or "believe," or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements will prove to be correct, the Company can give no assurance that such expectations will prove to be correct. The actual future performance of the Company could differ materially from such statements. Factors that could cause or contribute to such differences include, but are not limited to:
- the Company's ability to amend, renew or replace its existing credit facilities and satisfy any conditions precedent with respect thereto;
- the Company's ability to fund operations, debt repayment and expansion from cash flow from operations, borrowings on its revolving lines of credit and proceeds from securitizations and from accessing debt or equity markets;
- the ability of the Company to obtain additional funding for the purpose of funding the receivables generated by the Company, including limitations on its ability under its securitization program to obtain financing through its commercial paper-based funding sources and its ability to maintain the current credit ratings of its securities;
- the ability of the Company to maintain compliance with the covenants in its financing facilities or obtain amendments or waivers of the covenants to avoid violations or potential violations of the covenants;
- delinquency and loss trends in the receivables portfolio;
- the Company's ability to offer flexible financing programs;
- the Company's growth strategy and plans regarding opening new stores and entering new markets;
- the Company's intention to update, relocate or expand existing stores;
- the effect of closing or reducing the hours of operation of existing stores;
- the Company's estimated capital expenditures and costs related to the opening of new stores or the update, relocation or expansion of existing stores;
- the Company's ability to introduce additional product categories;
- the ability of the financial institutions providing lending facilities to the Company to fund their commitments;
- the effect on borrowing costs of downgrades by rating agencies or changes in laws or regulations on the Company's financing providers;
- the cost of any amended, renewed or replacement credit facilities;
- growth trends and projected sales in the home appliance, consumer electronics and furniture and mattresses industries and the Company's ability to capitalize on such growth;
- the pricing actions and promotional activities of competitors;
- relationships with the Company's key suppliers;
- interest rates;
- general economic and financial market conditions;
-
certain affiliates of
Stephens Inc. andThe Stephens Group, LLC exercising their subscription rights in full, which they have no obligation to do; - satisfaction of the closing conditions required under the debt facilities and the rights offering;
- weather conditions in the Company's markets;
- the outcome of litigation or government investigations;
- changes in the Company's stock price; and
- the actual number of shares of common stock outstanding.
Further information on these risk factors is included in the
Company's filings with the
CONN-G
Conn's, Inc.,
Chief Financial Officer
Michael J.
Poppe, (409) 832-1696 Ext. 3294
Source: Conn's, Inc.
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