Conn's to sell and lease back of four store locations Connís announced the sale and long-term lease back of four owned properties to STORE Capital Acquisitions. The company received net proceeds of approximately $22.4M in connection with the sale, which was used to repay borrowings under its real estate loan and asset-based lending facility. Three of the locations are in Texas and the fourth is in New Mexico.
News For CONN From The Last 14 Days
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Conn's September volatility elevated into Q2 and outlook Conn's September call option implied volatility is at 65, October is at 53, January is at 46; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 2.