Conn's, Inc. Announces Expansion and Extension of Revolving Credit Facility

  Conn's, Inc. Announces Expansion and Extension of Revolving Credit Facility

Business Wire

THE WOODLANDS, Texas -- November 26, 2013

Conn's, Inc. (NASDAQ: CONN), a specialty retailer of home appliances,
furniture, mattresses, consumer electronics and provider of consumer credit,
today announced that it completed an expansion and extension of its
asset-based loan facility with a syndicate of banks.

Under the amended terms, the revolving facility commitment increased $265
million to $850million and the maturity date was extended to November 2017.
Commitment levels within the existing syndicate of banks increased $165
million. Four additional lenders joined the bank syndicate, accounting for the
balance of the $265 million expansion in commitments under the asset-based
loan facility. Borrowing costs under the facility were also reduced by 25
basis points.

About Conn's, Inc.

Conn's is a specialty retailer currently operating over 70 retail locations in
Texas, Louisiana, Arizona, Oklahoma and New Mexico. The Company's primary
product categories include:

  *Home appliance, including refrigerators, freezers, washers, dryers,
    dishwashers and ranges;
  *Furniture and mattress, including furniture and related accessories for
    the living room, dining room and bedroom as well as both traditional and
    specialty mattresses;
  *Consumer electronic, including LCD, LED, 3-D and plasma televisions,
    Blu-ray players, home theater and video game products, camcorders, digital
    cameras, and portable audio equipment; and
  *Home office, including computers, tablets, printers and accessories.

Additionally, the Company offers a variety of products on a seasonal basis.
Unlike many of its competitors, the Company provides flexible in-house credit
options for its customers, in addition to third-party financing programs and
third-party rent-to-own payment plans.

CONN-G

Contact:

Conn's, Inc.
Investor Contact:
S.M. Berger & Company
Andrew Berger, 216-464-6400
 
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