Theodore Wright

Conn's, The Woodlands, Texas-based chain that sells home appliances, consumer electronics and furniture, may put itself up for sale or make other big changes to try to increase its valus to shareholders, the company said Monday. "While we remain confident in the company's future prospects and have ample capital and liquidity to execute our business plan, we have decided to conduct a strategic review and explore options to accelerate the realization of value for our stockholders," said Theodore Wright, Conn's chairman and CEO.

Beaumont, Texas -- Conn’s announced that it completed a $20 million expansion, to $450 million, of its revolving credit facility, which expires in July 2015. The company received a commitment from one new lender and received an increased commitment from one of the existing participants in the bank group. “We appreciate the additional support coming from our financial partners,” commented Theodore Wright, chairman, Conn’s. “This expansion of our revolving credit facility provides additional support for our long-term growth plans.”