"We are excited with the prospects of our expanding Aaron's Sales & Lease Ownership franchise program in Canada," said R. Charles Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron Rents. "This facility will provide inventory financing essential to the growth of our existing and future franchised stores."

Aaron Rents opened its first Canadian franchised store in Kitchener, Ontario in November 2003 and since then has opened stores in Pickering, Cambridge, and Hamilton, Ontario as well as Halifax, Nova Scotia. The Company has area development agreements with franchise operators for an additional 13 stores to be opened over the next several years.