Business News • MarketWire • GA Capital, LLC, Announces Term Loan to Conn's, Inc. |
GA Capital, LLC, Announces Term Loan to Conn's, Inc. |
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GA Capital, LLC, Announces Term Loan to Conn's, Inc.
WOODLAND HILLS, CA--(Marketwire - December 1, 2010) - Great American Group®*, Inc. (OTCBB: GAMR) today announced that its subsidiary GA Capital, LLC will serve as the administrative agent and collateral agent on a $100 million secured term loan facility to Conn's, Inc. (NASDAQ: CONN), a specialty retailer operating 76 retail locations in Texas, Louisiana, and Oklahoma. The $100 million term loan facility, which matures in 2014, is part of a larger re-financing effort by the company, which includes an amended and extended $375 million senior secured asset-based credit facility that matures in November 2013.
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