LAD - Lithia Motors secures capital raise via stock and notes offering
Lithia Motors & Driveway (LAD) has priced its public offering of 3,105,590 Class A shares at $322.00/share.Underwriters' over-allotment is an additional 465,838 shares. Concurrently, the company has priced an upsized private offering of $800M of its 3.875% senior notes due 2029 (from $500M).Closing date for stock and notes offering is May 24 and May 27, respectively.Previously (May 19): Lithia Motors shares down on capital raise
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Lithia Motors secures capital raise via stock and notes offering