New Issue: Rent-A-Center $100 million add-on yields 11.115%

By Paul A. Harris

St. Louis, Mo., Dec. 12 - Rent-A-Center Inc. priced Wednesday a $100 million add-on to its 11% senior subordinated notes due Aug. 15, 2008 (B1/B) at 99.5 for a yield of 11.115%.

The deal "priced right in the middle of price talk" of 99 to par, one syndicate official said.

The Rule 144A add-on was managed by J.P. Morgan, with joint lead Morgan Stanley and co-managers Bear Stearns & Co. and Lehman Brothers.

Issuer:	Rent-A-Center Inc.
Amount:	$100 million add-on
Maturity:	Aug. 15, 2008
Bookrunner:	J.P. Morgan
Coupon:	11%
Price:	99.5
Yield:	11.115%
Call features:	Callable on Aug. 15, 2003 at 105.5, then at 103.667, 101.833,
	declining to par on Aug. 15, 2006
Equity clawback:	Expired
Settlement date:	Dec. 19 (T+5) flat
Ratings:	Moody's: B1
	Standard & Poor's: B
Cusip:	76009NAA8
End

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