Item 8.01 Other Events
On June 10, 2009, the Company announced that it had provided notice to the
indenture trustee of its election to redeem all of its outstanding 71/2% Senior
Subordinated Notes due 2010 in the aggregate principal amount $75,375,000 (the
"Redeemed Notes"), at a redemption price equal to 100% of the principal amount
outstanding, plus accrued interest to the redemption date (the "Redemption
Price"). Effective May 1, 2009, the notes are redeemable at the Redemption Price
at the Company's option. The Company expects to redeem the Redeemed Notes on
July 28, 2009 (the "Redemption Date"). On the Redemption Date, the Redemption
Price will become due and payable and interest on the Redeemed Notes will cease
to accrue. Following the Redemption Date, all of the Company's 71/2% Senior
Subordinated Notes due 2010 will have been paid in full and no securities will
be outstanding under the indenture.
The Company expects to fund the Redemption Price primarily with cash flow
generated from operations, together with amounts available under its senior
credit facilities.
Item 9.01 Financial Statement and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Press release issued by Rent-A-Center, Inc. dated June 10, 2009.