Rent-A-Center to repay term loan debt with senior notes proceeds

By Sara Rosenberg

New York, Oct. 28 - Rent-A-Center Inc. plans on repaying term loan borrowings with $200 million of the net proceeds from a $300 million senior unsecured notes offering, according to a news release.

Remaining proceeds will be used to repurchase shares of the company's common stock.

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

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