Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CONNS INC incurred term loan of $50.0 million with Stephens Investments Holdings LLC at Term SOFR Rate, subject to a 5.00% floor, plus a margin of 10.00% maturing May 22, 2026.
- Instrument
- term loan
- Principal
- $50.0 million
- Counterparty
- Stephens Investments Holdings LLC
- Rate
- Term SOFR Rate, subject to a 5.00% floor, plus a margin of 10.00%
- Maturity
- May 22, 2026
- Event
- incurrence
Exact text from the filing
Entered into a delayed draw term loan and security agreement (the “Term Loan Agreement”) with Stephens Investments Holdings LLC (“Stephens Investments”) and Stephens Group, LLC and the other lenders party thereto from time to time (the “Lenders”), and Stephens Investments, as administrative agent. The Term Loan Agreement provides for an aggregate commitment of $50.0 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CONNS INC entered into Term Loan Agreement with Stephens Investments Holdings LLC, Stephens Group, LLC, and the other lenders valued at $50.0 million (effective 2023-07-31).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Stephens Investments Holdings LLC, Stephens Group, LLC, and the other lenders
- Value
- $50.0 million
- Effective
- 2023-07-31
Exact text from the filing
On July 31, 2023, Conn’s, Inc. (the “Company”), as parent and guarantor, Conn Appliances, Inc., Conn Credit I, LP and Conn Credit Corporation, Inc., as borrowers (the “Borrowers”), entered into a delayed draw term loan and security agreement (the “Term Loan Agreement”) with Stephens Investments Holdings LLC (“Stephens Investments”) and Stephens Group, LLC and the other lenders party thereto from time to time (the “Lenders”), and Stephens Investments, as administrative agent.
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