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8-K - FORM 8-K - RENT A CENTER INC DE | d77252e8vk.htm |
EX-99.1 - EX-99.1 - RENT A CENTER INC DE | d77252exv99w1.htm |
Exhibit 99.2
For Immediate Release:
RENT-A-CENTER ANNOUNCES INTENTION TO OFFER
$300 MILLION IN SENIOR UNSECURED NOTES
$300 MILLION IN SENIOR UNSECURED NOTES
PLANO, Texas, October 28, 2010 Rent-A-Center, Inc. (the Company) (NASDAQ/NGS: RCII) today
announced that it intends to make a private offering of $300 million in principal amount of senior
unsecured notes due 2020. The Company intends to use $200 million of the net proceeds from the
offering to repay term loans under the Companys existing senior secured credit facilities and the
remaining net proceeds to repurchase shares of the Companys common stock.
The Company will make the offering pursuant to an exemption under the Securities Act of 1933,
as amended (the Securities Act). The proposed senior unsecured notes will be offered by the
initial purchasers only to qualified institutional buyers in reliance on the exemption from
registration set forth in Rule 144A of the Securities Act and outside the United States to non-U.S.
persons in reliance on the exemption from registration set forth in Regulation S under the
Securities Act, and may not be offered or sold in the United States absent registration under the
Securities Act or an applicable exemption from the registration requirements of the Securities Act
and applicable state securities or blue sky laws and foreign securities laws.
This press release shall not constitute an offer to sell, or the solicitation of an offer to
buy, any securities, nor shall there be any sales of securities mentioned in this press release in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
Contact for Rent-A-Center, Inc.:
David E. Carpenter
Vice President of Investor Relations
(972) 801-1214
david.carpenter@rentacenter.com
Vice President of Investor Relations
(972) 801-1214
david.carpenter@rentacenter.com
This press release contains forward-looking statements that involve risks and
uncertainties. Such forward-looking statements generally can be identified by the use of
forward-looking terminology such as may, will, expect, intend, could, estimate,
should, anticipate, or believe, or the negative thereof or variations thereon or similar
terminology. Although the Company believes that the expectations reflected in such forward-looking
statements will prove to be correct, the Company can give no assurance that such expectations will
prove to have been correct. The Companys ability to successfully complete the transactions
referred to in this press release is subject to numerous factors and contingencies, many of which
are beyond the Companys control. These include local and national economic, credit and capital
market conditions, including prevailing interest rates, legal and regulatory developments, and
applicable securities regulations or accounting standards. Any of these factors or others not
named herein could cause the Company to abandon the referenced transaction or cause the Companys
actual results to differ materially from the forward-looking statements contained in this press
release, including the other risks detailed
from time to time in the Companys SEC reports, including but not limited to, its annual
report on Form 10-K for the year ended December 31, 2009, and its quarterly reports on Form 10-Q
for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. You are cautioned not
to place undue reliance on these forward-looking statements, which speak only as of the date of
this press release. Except as required by law, the Company is not obligated to publicly release any
revisions to these forward-looking statements to reflect the events or circumstances after the date
of this press release or to reflect the occurrence of unanticipated events.