Home retailer Conn's preps new ABS

Home appliance retailer Conn’s is issuing an ABS backed by sales contracts and loans, its sixth such deal since 2015.

  • By Fotios Tsarouhis
  • 07 Aug 2018

The $358.5m deal, Conn’s Receivables Funding 2018-A (CONN 2018-A), is split into class ‘A’, ‘B’ and ‘C’ classes, which have been assigned respective BBB-, BB- and B- preliminary ratings from Kroll Bond Rating Agency.

The pool of retail contracts and installment loans finance purchases from Conn’s brick-and-mortar stores.

The home ...

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