AARONS, INC. (NYSE:AAN) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

Amendment to Franchisee Loan Facility

On December6, 2016, Aarons, Inc. (the Company) entered
into the Fifth Amendment to the Loan Facility Agreement with
SunTrust Bank, as servicer, and the other participants listed on
the respective pages thereof (the Franchisee Loan Facility
Amendment). The Franchisee Loan Facility Amendment amends the
Third Amended and Restated Loan Facility Agreement and Guaranty,
dated as of April14, 2014, as amended by that certain First
Amendment to Loan Facility Agreement dated as of December9, 2014,
that certain Second Amendment to Loan Facility Agreement dated as
of September11, 2015, that certain Third amendment to Loan
Facility Agreement dated as of December4, 2015 and that certain
Fourth Amendment to Loan Facility Agreement dated as of June30,
2016, (the Franchisee Loan Facility). to this facility,
subject to certain terms and conditions, the Companys franchisees
can borrow funds guaranteed by the Company. The Franchisee Loan
Facility Amendment amends the Franchisee Loan Facility to, among
other changes: (i)extend the current facility termination date by
an additional 364 days from December8, 2016 to December7, 2017,
(ii)reduce the maximum commitment available under the Franchisee
Loan Facility from $175 million to $125 million, (iii)reduce the
Canadian subfacility limit from $50 million to $25 million and
(iv)add and modify certain other terms, covenants and conditions
set forth therein. The reductions in the maximum commitment under
the Franchisee Loan Facility and the Canadian subfacility limit
were made at the Companys request, primarily to reduce the amount
of fees paid by the Company on the unused portion of the
commitment.

The foregoing description of the Franchisee Loan Facility
Amendment is qualified in its entirety by reference to the full
text of such document, which is attached hereto as Exhibit 10.1
and is incorporated herein by reference.

The disclosure set forth in Item1.01 above is incorporated herein
by reference in response to this Item2.03.

About AARON’S, INC. (NYSE:AAN)

Aaron’s, Inc. is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators. Its stores carry brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, JVC, Sharp and Magnavox. It has approximately 2,040 stores, which consist of over 1,300 Company-operated stores in approximately 30 states, and over 730 independently owned franchised stores in approximately 47 states and Canada. DAMI serves customers that may not qualify for traditional prime lending and desire to purchase goods and services from participating merchants.

AARON’S, INC. (NYSE:AAN) Recent Trading Information

AARON’S, INC. (NYSE:AAN) closed its last trading session up +0.38 at 32.85 with 814,509 shares trading hands.