Conn’s, Inc. announced that it completed an expansion of its asset-based loan facility with a syndicate of banks led by Bank of America as administrative agent and collateral agent. JPMorgan and Union Bank served as co-syndication agents. J.P. Morgan Securities and Merril Lynch, Pierce, Fenner & Smith served as joint bookrunners and co-lead arrangers for the transaction.

The revolving facility commitment increased $40 million to $585 million. The maturity date of September 2016 and other terms of the amended and restated facility remained unchanged.

Conn’s is a specialty home appliance retailer currently operating 68 retail locations in Texas, Louisiana, Oklahoma, New Mexico and Arizona.