ATLANTA, June 5 /PRNewswire-FirstCall/ -- Aaron Rents, Inc. (NYSE: RNT)
announced today that the underwriters of its recent public offering of
4,000,000 shares of common stock have exercised their overallotment option to
purchase an additional 450,000 shares of common stock from the Company and an
additional 150,000 shares of common stock from R. Charles Loudermilk, Sr., the
Company's Chief Executive Officer and selling shareholder. The 600,000 shares
of common stock purchased pursuant to the overallotment option were purchased
at the public offering price of $25.75 per share, less an underwriting
discount of $1.2875 per share.
SunTrust Robinson Humphrey is the sole book-running manager for the
offering, and Morgan Keegan & Company, Inc. is co-lead manager. Stifel
Nicolaus, Wachovia Securities and BB&T Capital Markets are co-managers. A copy
of the final prospectus relating to these securities may be obtained from
SunTrust Robinson Humphrey, 3333 Peachtree Road, NE, Atlanta, GA 30326.
Aaron Rents, Inc., based in Atlanta, currently has more than 1,230
Company-operated and franchised stores in 46 states, Canada and Puerto Rico
for the rental and sale of consumer electronics, computers, residential and
office furniture, household appliances and accessories. The Company
manufactures furniture, bedding and accessories at 12 facilities in five
states.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of shares of
common stock in any state in which such an offer, solicitation or sale would
be unlawful prior to the registration or qualification under the securities
law of any such state. The offering will be made only by means of a written
prospectus.
SOURCE Aaron Rents, Inc.
CONTACT:
Gilbert L. Danielson
Executive Vice President, Chief Financial
Officer of Aaron Rents, Inc.,
1-678-402-3314