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Conn’s Raises $56.2M In Stock Sale

The Woodlands, Texas – Multiregional majap, furniture and CE chain Conn’s has collected $56.2 million from a previously announced stock sale.

The proceeds were significantly higher than the initially projected $35.2 million after 825,000 shares were added to offering, for a total of 6.3 million shares.

The funds will be used primarily to pay down loans, the company said.