Conn's weakness creates buying opportunity, says Oppenheimer After Conn's sank 25% following its disclosure of a delinquency spike in its credit division, Oppenheimer believes that the delinquency increase was caused by a one-time issue. The firm reiterates an Outperform rating on the shares.
News For CONN From The Last 14 Days
Check below for free stories on CONN the last two weeks.
Conn's announces expansion, extension of revolving credit facility Conn's 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 $265M to $850M and the maturity date was extended to November 2017. Commitment levels within the existing syndicate of banks increased $165M. Four additional lenders joined the bank syndicate, accounting for the balance of the $265M expansion in commitments under the asset-based loan facility. Borrowing costs under the facility were also reduced by 25 basis points.