{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-008672","form_type":"8-K","ticker":null,"cik":"0001223389","company_name":"CONNS INC","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.603791+00:00","generated_at":"2026-06-06T13:02:52.744168+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Conn's Inc. closes $353.6M receivables securitization; $252.6M net proceeds for debt repayment","bullets":["Issued $133.5M Class A (7.05%), $98.1M Class B (9.80%), $27.8M Class C (10.34%) notes due Jan 2029.","Net proceeds $252.6M to repay ABL facility and for general corporate purposes.","Notes secured by $353.6M of customer receivables; Fitch ratings: BBBsf/BBsf/B+sf.","Servicer Conn Appliances receives 4.75% annualized fee; Class R notes retained by affiliate."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-008672","json":"https://secwatch.observer/filing/0001104659-24-008672.json","markdown":"https://secwatch.observer/filing/0001104659-24-008672.md","text":"https://secwatch.observer/filing/0001104659-24-008672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/tm244574d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:02:52.744168+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bd33b3ab32e2ff7efec6db4ffa44b784325f7b9e","claim":"CONNS INC incurred senior notes of $133,490,000 Asset Backed Fixed Rate Notes, Class A, Series 2024-A, due January 16, 2029; $98,120,000 Asset Backed Fixed with MUFG Securities Americas Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Regions Securities LLC at 7.05% ... 9.80% ... 10.34% maturing January 16, 2029.","evidence_excerpt":"On January 26, 2024, affiliates of Conn’s, Inc. (the “ Company ”) completed a securitization transaction (the “ Securitization Transaction ”), which involved the issuance and sale in a private offering of 7.05% $133,490,000 Asset Backed Fixed Rate Notes, Class A, Series 2024-A, due January 16, 2029 (the “ Class A Notes ”), 9.80% $98,120,000 Asset Backed Fixed Rate Notes, Class B, Series 2024-A, due January 16, 2029 (the “ Class B Notes ”), and 10.34% $27,760,000 Asset Backed Fixed Rate Notes, Class C, Series 2024-A, due January 16, 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$133,490,000 Asset Backed Fixed Rate Notes, Class A, Series 2024-A, due January 16, 2029; $98,120,000 Asset Backed Fixed"},{"label":"Counterparty","value":"MUFG Securities Americas Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Regions Securities LLC"},{"label":"Rate","value":"7.05% ... 9.80% ... 10.34%"},{"label":"Maturity","value":"January 16, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1094f5e16747c1d642967bdee482c9731cf1b93d","claim":"CONNS INC entered into Base Indenture with Computershare Trust Company, National Association (effective 2024-01-26).","evidence_excerpt":"The Series 2024-A Notes were issued by the Issuer pursuant to a Base Indenture, dated January 26, 2024, by and between the Issuer and the Trustee (the “ Base Indenture ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, National Association"},{"label":"Effective","value":"2024-01-26"}],"fact_type":"material_agreement"},{"claim_id":"155075bf38b00904b759f64f1424a74ba0f215a8","claim":"CONNS INC entered into Purchase and Sale Agreement with Conn’s Receivables Funding 2024-A, LLC (effective 2024-01-26).","evidence_excerpt":"the Receivables Trust Certificate was sold by the Depositor to the Issuer pursuant to a Purchase and Sale Agreement, dated January 26, 2024, by and between the Depositor and the Issuer (the “ Purchase and Sale Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Conn’s Receivables Funding 2024-A, LLC"},{"label":"Effective","value":"2024-01-26"}],"fact_type":"material_agreement"},{"claim_id":"3eee54ac153a99cb19dcb14006d661f939319069","claim":"CONNS INC entered into a underwriting with MUFG Securities Americas Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Regions Securities LLC.","evidence_excerpt":"The Purchased Notes were sold initially to MUFG Securities Americas Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Regions Securities LLC (collectively, the “ Initial Purchasers ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"MUFG Securities Americas Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Regions Securities LLC"}],"fact_type":"material_agreement"},{"claim_id":"9e49d491ffbfbfb04523549ec04dda7ea9fa889c","claim":"CONNS INC entered into Second Receivables Purchase Agreement with Conn’s Receivables 2024-A Trust (effective 2024-01-26).","evidence_excerpt":"pursuant to a Second Receivables Purchase Agreement, dated as of January 26, 2024, by and between the Depositor and the Receivables Trust (the “ Second Purchase Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Conn’s Receivables 2024-A Trust"},{"label":"Effective","value":"2024-01-26"}],"fact_type":"material_agreement"},{"claim_id":"d5072c8fe047d1485ad55953348b6510c597ca3a","claim":"CONNS INC entered into First Receivables Purchase Agreement with Conn Appliances Receivables Funding, LLC (effective 2024-01-26).","evidence_excerpt":"to Conn Appliances Receivables Funding, LLC, an indirect wholly owned subsidiary of the Company (the “ Depositor ”), pursuant to a First Receivables Purchase Agreement, dated as of January 26, 2024, by and between the Seller and the Depositor (the “ First Purchase Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1223389/000110465924008672/0001104659-24-008672-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Conn Appliances Receivables Funding, LLC"},{"label":"Effective","value":"2024-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}