Conn's Posts Smaller Loss
Texas-based retail Conn's announced that its losses narrowed in the most recent quarter. The company posted a loss of $5.1 million in the quarter that ended in October, after losing $14.4 million in the same period last year.
Total net sales dropped 15.2 percent to $136.8 million from 2009's same period.
The company said earlier in the week that it has completed its debt refinancing, which includes an expanded asset-based loan facility of $375 million, and a new $100 million senior secured second lien term loan.