LKQ - LKQ Corporation Announces Pricing of €750000000 Senior Notes | Benzinga
CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands ("LKQ Finance") announced today that it has priced an offering by LKQ Finance of €750,000,000 aggregate principal amount of 4.125% senior notes due 2031 (the "notes"). The offering is expected to close on or about March 13, 2024, subject to the satisfaction of customary closing conditions.
The joint book-running managers for the offering are BofA, HSBC, Wells Fargo, BNP Paribas, MUFG and UniCredit.
The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company's U.S. subsidiaries (the "guarantees"). LKQ Finance intends to use the net proceeds from the offering of the notes, together with cash on hand, to (i) pay outstanding indebtedness, including the redemption of all of the outstanding €500,000,000 aggregate principal amount of the 3.875% senior notes due 2024 issued by the Company's indirect wholly-owned subsidiary, LKQ Italia Bondco di LKQ Italia Bondco GP S.r.l e C.S.A.P.A. (f/k/a LKQ Italia Bondco S.p.A.) and (ii) pay accrued interest and related fees, ...