Rent-A-Center repays $30 million of revolver debt

By Sara Rosenberg

New York, Sept. 7 - Rent-A-Center Inc. repaid $30 million of debt under its $250 million secured revolving credit facility on Tuesday, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The company had drawn $10 million on Aug. 29 and $60 million on Sept. 1 under the revolver for general corporate purposes and to fund losses and to replenish reserves under its self insurance program.

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

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