---
schema_version: "secwatch.filing_event.v1"
accession: "0000350698-25-000091"
form_type: "8-K"
ticker: "AN"
cik: "0000350698"
company_name: "AUTONATION, INC."
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T23:06:08.492665+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AutoNation closes $700M inaugural ABS at 4.90% weighted-average rate, upsized by $200M

## Summary
- Issued $700M asset-backed notes via AutoNation Finance Trust 2025-1, secured by $714.3M auto loan contracts.
- Weighted-average interest rate of 4.90%; maturity dates from June 2026 to September 2032.
- Net proceeds of ~$696.4M to reduce existing indebtedness and for general corporate purposes.
- CEO states rate is lower than cost of debt replaced; 98% advance rate achieved.
- AutoNation guarantees servicer obligations but not the notes; CIG Financial, LLC will service loans.

## SEC filing metadata
- accession: 0000350698-25-000091
- form_type: 8-K
- ticker: AN
- cik: 0000350698
- company_name: AUTONATION, INC.
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350698/000035069825000091/0000350698-25-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350698/000035069825000091/an-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350698-25-000091
- JSON: https://secwatch.observer/filing/0000350698-25-000091.json
- Plain text: https://secwatch.observer/filing/0000350698-25-000091.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.