RAC completes Rent-Way buy

November 2006
Furniture/Today;11/20/2006, Vol. 31 Issue 11, p20
Trade Publication
The article reports on the completion of the acquisition of competitor Rent-Way by Rent-A-Center (RAC) in Texas. According to Rent-A-Center chairman and CEO Mark Speese, out of 782 stores of Rent-Way, about 150 will be closed as the companies are consolidated. RAC completed a $1.3 billion senior debt refinancing.


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