Conn’s To Raise $35M In Stock Offering

By Alan Wolf On Dec 7 2012 - 9:57am

The Woodlands, Texas — Conn’s has priced its previously announced public stock offering at $26.75 per share, which is expected to generate $35.2 million in net proceeds.

The multiregional majap, furniture and CE chain plans to use the funds to pay down debt.

The offering, which was increased from 5 million shares to 5.5 million shares at pricing, is expected to close on or around Dec.12.