Rent-A-Center, Inc.’s $200 Million Term Loan Facility And $300 Million ABL Facility


Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with Rent-A-Center, Inc.’s $200 million term loan facility and $300 million ABL revolving credit facility.

Proceeds from the facilities were used to refinance Rent-A-Center Inc.’s existing ABL facility and its existing senior notes.

Rent-A-Center Inc. (NASDAQ: RCII) is one of the largest rent-to-own operators in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality durable products under flexible rental purchase agreements with no long-term obligation.

The Simpson Thacher team included Jessica Tuchinsky (Picture), Erland Modesto, Brandan Still, Jonathan Zane, Andrew Lanius, Kalyan Venkatraj and Michael Paparozzi (Banking and Credit); Genevieve Dorment and Ellie Gladstone (Intellectual Property); Rob Holo and Brian Mendick (Tax); Abram Ellis, Mark Skerry and Tomi Mendel (Regulatory); Adeeb Fadil and Timothy Mulvihill (Environmental); Alexander Ellebracht (ECEB); Krista McManus (Real Estate); and Jon Pall (Collateral). Summer Associate Ashley See also provided valuable assistance.

Involved fees earner: Genevieve Dorment – Simpson Thacher & Bartlett; Alexander Ellebracht – Simpson Thacher & Bartlett; Abram Ellis – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Elizabeth Gladstone – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Andrew Lanius – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Erland Modesto – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Michael Paparozzi – Simpson Thacher & Bartlett; Ashley See – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Brandan Still – Simpson Thacher & Bartlett; Jessica Tuchinsky – Simpson Thacher & Bartlett; Kalyan Venkatraj – Simpson Thacher & Bartlett; Jonathan Zane – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JPMorgan Chase & Co.;

Author: Ambrogio Visconti