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Stock impact report

Conn's, Inc. Announces Pricing of Securitization Transaction

Conn's, Inc. (CONN) 
Last conn's, inc. earnings: 4/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.conns.com
Company Research Source: GlobeNewswire
Highest Advance Rate and Lowest Cost of Funds since Re-entering the ABS Market in 2015 Consecutive Concurrent Issuance of Class A, B and C Notes Reflects Strong Investor Demand THE WOODLANDS, Texas, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Conn’s, Inc. (NASDAQ:CONN) today announced that it has entered into an agreement to securitize an aggregate of $669.3 million of consumer receivables, with closing expected on or about December 20, 2017. The offering includes three classes of fixed rate notes: (i) $361.4 million aggregate principal amount of the Class A asset backed notes are expected to be rated BBB by Fitch (Fitch Ratings, Inc.) and BBB- by Kroll (Kroll Bond Rating Agency, Inc.), (ii) $132.2 million aggregate principal amount of the Class B asset backed notes are expected to be rated BB by Fitch and BB- by Kroll, and (iii) $78.6 million aggregate principal amount of the Class C asset backed fixed rate notes are expected to be rated B- by both Fitch and Kroll. The fa Show less Read more
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