Rent-A-Center completed a $500 million facility comprised of a $200 million term loan and a $300 million ABL revolving credit facility.
JPMorgan served as administrative agent for the transaction. Simpson Thacher represented the bank.
Proceeds from the facilities were used to refinance Rent-A-Center’s existing ABL facility and its existing senior notes.
Rent-A-Center is one of the largest rent-to-own operators in North America.
