Conn’s, Inc., an electronics and appliance retailer, said Wednesday it has securitized  $1.4 billion of retail installment contract receivables, with closing expected on or about Sept. 10.

This transaction, which is unrated, is the result of an exploration of strategic review announced last October. Proceeds from the sale of the loan portfolio to the securitization trust will enable the specialty retailer pay down its asset-based credit line and have approximately $380.0 million in cash on the balance sheet.

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