Rent-A-Center calls $150 million in 7½% notes

By Devika Patel

Knoxville, Tenn., April 6 - Rent-A-Center Inc. said it plans to redeem its $150 million in 7½% senior subordinated notes due 2010 at par plus interest on May 19.

Following the redemption, approximately $75.38 million of the notes will remain outstanding.

The company expects to fund the redemption with cash flow generated from operations and borrowings available under its senior credit facilities.

Rent-A-Center is a Plano, Texas-based rent-to-own operator.

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