PROG Holdings, Inc. 6.0% 15-NOV-2029PROG Holdings, Inc. 6.0% 15-NOV-2029PROG Holdings, Inc. 6.0% 15-NOV-2029

PROG Holdings, Inc. 6.0% 15-NOV-2029

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Overview
Analysis

Key terms


Outstanding amount
‪600.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
6.00% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
Maturity date
Nov 15, 2029
Term to maturity
5 years

About PROG Holdings, Inc. 6.0% 15-NOV-2029


Sector
Finance
Industry
Finance/Rental/Leasing
Issue date
Nov 26, 2021
PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. It operates through the following segments: Progressive Leasing, Vive, and Four. The Progressive segment offers lease-to-own ownership of durable goods. The Vive segment provides services to customers who may not qualify to purchase goods and services from merchants. The Four segment includes provision of credit backgrounds with Buy Now, Pay Later “BNPL”. The company was founded in 1955 and is headquartered in Draper, UT.
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