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BRIEF-Conn's announces sale of class C notes from March 2016 securitization transaction
October 10, 2016 / 10:11 AM / 10 months ago

BRIEF-Conn's announces sale of class C notes from March 2016 securitization transaction

1 Min Read

Oct 10 (Reuters) - Conn's Inc :

* Conn's, Inc announces sale of class C notes from March 2016 securitization transaction

* Entered into an agreement to sell class C notes issued under securitization transaction announced on March 21, 2016

* Will receive upfront proceeds with respect to those notes of approximately $71.5 million, net of transaction costs

* Conn's Inc says face amount of class C notes to be sold is approximately $70.5 million

* Residual equity will continue to be retained by an affiliate of company Source text for Eikon: Further company coverage:

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