Rent-A-Center Files Equity Offering

Apr 05, 2001, 01:00 ET from Rent-A-Center, Inc.

    PLANO, Texas, April 5 /PRNewswire/ -- Rent-A-Center, Inc. (Nasdaq:   RCII)
 today announced the filing of a registration statement with the Securities and
 Exchange Commission for a public offering of 4,400,000 shares of its common
 stock, 2,200,000 of which will be offered by Rent-A-Center and 2,200,000 of
 which will be offered by selling stockholders.  Rent-A-Center anticipates
 using approximately $50.0 million of the net proceeds to pay down existing
 long-term debt.  The offering will be led by Morgan Stanley & Co. Incorporated
 and co-managed by Bear, Stearns & Co. Inc., Lehman Brothers, Inc. and The
 Robinson-Humphrey Company, LLC.
     Rent-A-Center is the largest rent-to-own operator in the United States
 with an approximate 27% market share based on store count.  At March 31, 2001,
 Rent-A-Center operated 2,179 stores and franchised 359 stores, located in
 50 states, the District of Columbia and Puerto Rico.
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission but has not yet become effective.
 These securities may not be sold nor may offers to buy be accepted prior to
 the time the registration statement becomes effective.  This announcement
 shall not constitute an offer to sell or the solicitation of an offer to buy,
 nor shall there be any sale of these securities in any state in which such
 offer, solicitation or sale would be unlawful prior to registration or
 qualification under the securities laws of any such state.
     Copies of the prospectus relating to the offering may be obtained, when
 available, from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York,
 New York 10036.
 
 

SOURCE Rent-A-Center, Inc.
    PLANO, Texas, April 5 /PRNewswire/ -- Rent-A-Center, Inc. (Nasdaq:   RCII)
 today announced the filing of a registration statement with the Securities and
 Exchange Commission for a public offering of 4,400,000 shares of its common
 stock, 2,200,000 of which will be offered by Rent-A-Center and 2,200,000 of
 which will be offered by selling stockholders.  Rent-A-Center anticipates
 using approximately $50.0 million of the net proceeds to pay down existing
 long-term debt.  The offering will be led by Morgan Stanley & Co. Incorporated
 and co-managed by Bear, Stearns & Co. Inc., Lehman Brothers, Inc. and The
 Robinson-Humphrey Company, LLC.
     Rent-A-Center is the largest rent-to-own operator in the United States
 with an approximate 27% market share based on store count.  At March 31, 2001,
 Rent-A-Center operated 2,179 stores and franchised 359 stores, located in
 50 states, the District of Columbia and Puerto Rico.
     A registration statement relating to these securities has been filed with
 the Securities and Exchange Commission but has not yet become effective.
 These securities may not be sold nor may offers to buy be accepted prior to
 the time the registration statement becomes effective.  This announcement
 shall not constitute an offer to sell or the solicitation of an offer to buy,
 nor shall there be any sale of these securities in any state in which such
 offer, solicitation or sale would be unlawful prior to registration or
 qualification under the securities laws of any such state.
     Copies of the prospectus relating to the offering may be obtained, when
 available, from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York,
 New York 10036.
 
 SOURCE  Rent-A-Center, Inc.