Conn's, Inc. Announces Closing of $669.3 Million Securitization Transaction
Conn's, Inc. (CONN)
Last conn's, inc. earnings: 4/14 06:00 am
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US:NASDAQ Investor Relations:
ir.conns.com
Company Research
Source: GlobeNewswire
THE WOODLANDS, Texas, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ:CONN) announced that it has closed the $669.3 million securitization transaction announced on December 13, 2017. The offering included (a) three classes of asset-backed fixed rate notes: (i) Class A notes which were rated BBB by Fitch (Fitch Ratings, Inc.) and BBB- by Kroll (Kroll Bond Rating Agency, Inc.), (ii) Class B notes which were rated BB by Fitch and BB- by Kroll, and (iii) Class C notes which were rated B- by Fitch and Kroll; and (b) one class of asset backed pass-through notes, Class R notes, which represent the residual equity. The face amount of the Class A, Class B and Class C notes issued in the securitization was approximately $572.2 million, with an aggregate advance rate of approximately 85.5% of the outstanding customer receivables portfolio balance. Conn's received upfront proceeds of approximately $556.8 million, net of transaction costs and reserves. The all-in cost of funds of the Clas
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CONN
Earnings
- 4/11/24 - Beat
CONN
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- 4/18/24 - Form 10-K
- CONN's page on the SEC website