PROG Holdings prices $600M 6.00% senior notes due 2029 to fund stock tender offer

PROG Holdings, Inc.

$600M aggregate principal of 6.00% senior unsecured notes due 2029; interest semi-annual starting May 15, 2022.
Net proceeds to fund tender offer for up to $425M of common stock at $44-$50 per share and future repurchases.
Notes offering expected to close Nov 26, 2021 and satisfies financing condition of the tender offer.
Tender offer commenced Nov 4, 2021; notes offering not conditioned on its completion.

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