Moody’s rates Rent-A-Center loan Ba3

Moody’s Investors Service said it gave Rent-A-Center Inc.’s planned $575 million senior secured term loan-B a Ba3 rating.

The agency also affirmed Rent-A-Center, Inc.'s ratings, including its Ba3 corporate family and the Ba3 rating on its senior secured term loan due 2026.

Term loan proceeds along with additional debt in the form of borrowings under a new asset-based loan, new secured and unsecured bonds, and Rent-A-Center common stock will be used to fund the acquisition of Acima Holdings LLC, refinance debt, pay related fees and expenses and for general corporate purposes.

The outlook is stable.

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