Conn’s, Inc., a specialty retailer of home appliances, furniture, mattresses, consumer electronics and provider of consumer credit, announced that it completed an expansion of its asset-based loan facility with a syndicate of banks.
The revolving facility commitment increased $40 million to $585 million. The maturity date of September 2016 and other terms of the amended and restated facility remained unchanged.
Conn’s is a specialty retailer currently operating 68 retail locations in Texas, Louisiana, Oklahoma, New Mexico and Arizona.