Welcome to our dedicated page for RENT-A-CENTER news (Ticker: RCII), a resource for investors and traders seeking the latest updates and insights on RENT-A-CENTER stock.
Rent-A-Center Inc. (NYSE: RCII) delivers flexible lease-to-own solutions for home goods through 2,500+ locations across North America. This news hub provides investors and industry observers with essential updates on corporate strategy, financial performance, and market positioning.
Key resources include earnings announcements, leadership changes, store expansions, and sustainability initiatives. Track developments in RCII's digital transformation efforts and partnerships with major appliance/electronics manufacturers.
All content is verified through official company communications and regulatory filings. Users receive timely updates on operational milestones without promotional bias. Bookmark this page for efficient tracking of RCII's progress in the evolving rent-to-own sector.
Rent-A-Center (NASDAQ: RCII) has completed its acquisition of Acima Holdings, enhancing its lease-to-own (LTO) offerings. The integration of Acima's technology with Rent-A-Center's Preferred Dynamix platform aims to create seamless LTO solutions across digital and mobile channels. CEO Mitch Fadel emphasizes this move as a strategic effort to accelerate innovation and better serve retail and e-commerce partners. The combined business will focus on a diversified portfolio to meet omnichannel needs effectively.
Rent-A-Center, Inc. (RCII) will host a conference call on February 25, 2023, at 10:00 a.m. ET to discuss fourth quarter results to be released after market close on February 24, 2023. Participants can join by dialing (800) 399-0012 (U.S. and Canada) or (404) 665-9632 (internationally). A live webcast and investor presentation will also be available on the company's investor relations website. A replay will be accessible starting on February 25 at 1:00 p.m. ET.
Rent-A-Center (RCII) announced a private offering of $450 million in 6.375% senior unsecured notes due 2029. The company plans to use the net proceeds, along with borrowings, to finance its merger with Acima Holdings. The offering is expected to close on February 17, 2021, subject to customary conditions. These notes will not be registered under the Securities Act and will be sold only to qualified institutional buyers. The press release also includes forward-looking statements with various risks, including potential regulatory hurdles and impacts of additional debt on financial metrics.
Rent-A-Center (NASDAQ: RCII) announced plans to offer $450 million in senior unsecured notes due 2029 through its subsidiary, Radiant Funding SPV, LLC. The proceeds will help finance the merger with Acima Holdings, LLC. This offering will be made in a private transaction exempt from the registration requirements of the Securities Act. Forward-looking statements highlight potential risks, including regulatory approval challenges and financial impacts from increased debt. The offering is subject to market conditions and other customary factors.
Rent-A-Center (NASDAQ: RCII) has shared preliminary financial data for 2020 amid its financing efforts for the acquisition of Acima Holdings, LLC. The company cautions that this information is unaudited and subject to change, with potential material adjustments anticipated during the finalization of the financial statements for Q4 and the full year.
Rent-A-Center (NASDAQ: RCII) announced the election of B.C. Silver to its Board of Directors as an independent director effective January 29, 2021. Silver has significant experience in financial technology and consumer products, previously serving at companies like RushCard and Mars, Incorporated. His expertise is expected to enhance Rent-A-Center’s digital lease-to-own strategies. Additionally, Michael Gade will retire from the Board at the upcoming annual stockholders meeting after 16 years. CEO Mitch Fadel expressed enthusiasm for Silver's contributions to the company.
Rent-A-Center (NASDAQ: RCII) has announced a definitive agreement to acquire Acima Holdings LLC for $1.273 billion in cash and approximately 10.8 million shares valued at $377 million. The acquisition enhances Rent-A-Center's position as a leader in virtual lease-to-own solutions, with Acima's 2020 revenue expected to reach $1.25 billion, up from $97 million in 2016. The deal is set to close in the first half of 2021, subject to customary conditions. Rent-A-Center aims to expand its customer base and improve its fintech capabilities through this strategic acquisition.
