Rent-A-Center draws on revolver for general corporate purposes

By Sara Rosenberg

New York, Nov. 28 - Rent-A-Center Inc. drew down $35 million under its revolving credit facility on Nov. 18 for general corporate purposes, including stock repurchases and tax payments, according to an 8-K filed with the Securities and Exchange Commission Friday.

The company also drew down $8 million under the revolver on Nov. 4 for the same reasons, the filing added.

Since Sept. 30, the company has purchased a total of approximately 1.816 million shares of its common stock for about $34.5 million pursuant to its stock repurchase program.

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

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