secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001065696-23-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LKQ enters CAD 700M term loan facility to fund Uni-Select acquisition
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- Unsecured term loan up to CAD 700M, matures 3 years from funding date, no amortization before maturity.
- Proceeds to finance portion of cash consideration for Uni-Select acquisition and refinance certain Uni-Select debt.
- Interest rate based on CDOR or Canadian Prime Rate plus spread (1.125%-1.75% Eurocurrency, 0.125%-0.750% Prime).
- Covenants include total leverage ratio and interest coverage ratio; no limits on dividends or investments.
- Certain U.S. domestic subsidiaries act as guarantors; commitment fee of 0.175% per annum on undrawn commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/0001065696-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/lkq-20230327.htm
  HTML page:      https://secwatch.observer/filing/0001065696-23-000035

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