RENT-A-CENTER <RENT> SELLS CONVERTIBLE DEBT
Rent-A-Center Inc is raising 35 mln
dlrs via an offering of convertible subordinated debentures due
2012 with a 5-3/4 pct coupon and par pricing, said sole manager
Morgan Stanley and Co Inc.
    The debentures are convertible into the company's common
stock at 40.50 dlrs per share, representing a premium of 25.58
pct over the stock price when terms on the debt were set.
    Non-callable for two years, the issue is rated Ba-3 by
Moody's Investors Service Inc and BB-minus by Standard and
Poor's Corp.
 Reuter
