October 13, 2016 / 10:11 AM / 10 months ago

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

Oct 13 (Reuters) - Conn's Inc :

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

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

* Conn's Inc - Conn's received upfront proceeds with respect to notes of approximately $71.5 million, net of transaction costs

* Conn's Inc - class C notes were issued with a 12% coupon rate

* Conn's Inc- residual equity will continue to be retained by an affiliate of company Source text for Eikon: Further company coverage:

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