Conn's, Inc. Completes Securitization Transaction
The notes are not registered under the Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
About Conn's, Inc.
Conn's is a specialty retailer currently operating approximately 95
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 LCD, LED, 3-D and Ultra HD televisions, Blu-ray players, 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 rent-to-own payment plans.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Such forward-looking statements include
information concerning the Company's future financial performance,
business strategy, plans, goals and objectives. Statements containing
the words "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "project," "should," or the negative of such
terms or other similar expressions are generally forward-looking in
nature and not historical facts. Although we believe that the
expectations, opinions, projections, and comments reflected in these
forward-looking statements are reasonable, 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 the Company's ability to achieve the
results either expressed or implied by the Company's forward-looking
statements including, but not limited to: general economic conditions
impacting the Company's customers or potential customers; the Company's
ability to sell the residual equity in its loan portfolio securitization
on favorable terms; the Company's ability to execute periodic
securitizations of future originated loans including the sale of any
residual equity on favorable terms; the Company's ability to continue
existing customer financing programs or to offer new customer financing
programs; changes in the delinquency status of the Company's credit
portfolio; unfavorable developments in ongoing litigation; increased
regulatory oversight; higher than anticipated net charge-offs in the
credit portfolio; the success of the Company's planned opening of new
stores; technological and market developments and sales trends for the
Company's major product offerings; the Company's ability to protect
against cyber-attacks or data security breaches and to protect the
integrity and security of individually identifiable data of the
Company's customers and employees; the Company's ability to fund its
operations, capital expenditures, debt repayment and expansion from cash
flows from operations, borrowings from the Company's revolving credit
facility, and proceeds from accessing debt or equity markets; and the
other risks detailed in the Company's most recent
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Source: Conn's, Inc.
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