Conn’s plans $250 million senior notes offering
The Woodlands, Texas – Subject to market conditions, Conn’s Inc. intends to offer in aggregate principal amount $250 million of senior notes due 2022 for sale to eligible purchasers in a private offering.
Conn’s intends to use the net proceeds from the notes offering to repay a portion of the current borrowings under its asset-based revolving credit facility.
Green Dot adds former Amex exec to strengthen prepaid card business
Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.
While at American Express, Truong led the expansion of the brand’s prepaid solutions, including the nationwide launch of its prepaid card, Serve.
“Thien is a talented executive with great experience in both financial services and retail," said Kostas Sgoutas, chief revenue officer for Green Dot. "He will be an important addition to our team as we seek to increase our retail distribution and identify attractive new channels for product expansion.”
While at American Express, Truong was also responsible for managing the company’s U.S. gift card business. Prior to his time at American Express, Truong served in various sales management and corporate strategy roles at Procter & Gamble, Nestlé Waters and Frito Lay, a division of PepsiCo.
“I became captivated with Green Dot and its mission as I ventured to compete with them in the prepaid card industry with American Express Serve," said Troung. "I’m thrilled to move to Green Dot, the pioneer of the industry, who is dedicated to reinventing personal banking for the masses. Here, I feel I can help to make a difference for America’s underserved — millions of whom use Green Dot already today."
Daily’s convenience chain selects NCR Radiant POS
Jacksonville, Fla. – First Coast Energy has selected NCR’s Radiant point-of-sale (RPOS) technology solutions to improve service and reliability at its Daily’s Shell-branded convenience stores in Florida. Daily’s has also opted to implement NCR’s Customer Self Service (CSS) food ordering solution which creates an excellent and consistent consumer food experience. This solution combines software used both by the shopper for ordering and the employee for food preparation, creating a fast, efficient and reliable experience. The complete software and hardware solution is built to work with mobile payments and loyalty programs, two additional ways for Daily’s to separate their experience from their competitors.
“We operate in an extremely competitive retail environment,” said Aubrey Edge, CEO at First Coast Energy (Daily’s). “At Daily’s, our focus is always on the customer experience. We selected the NCR RPOS solution because we wanted to improve our speed of service, grow our food service capabilities, and improve uptime. With NCR, Daily’s will utilize advanced marketing capabilities to better engage our shoppers and create a nicer, more personal, shopping experience.”