LKQ prices $1.4B senior unsecured notes to fund Uni-Select acquisition

LKQ CORP

Offering: $800M of 5.75% senior notes due 2028 and $600M of 6.25% senior notes due 2033.
Expected close on or about May 24, 2023, subject to customary conditions.
Net proceeds, plus a CAD 700M term loan, will finance the previously announced acquisition of Uni-Select Inc.
If the acquisition is not consummated by November 27, 2023, the 2033 notes must be redeemed at 101% plus accrued interest.
The offering is not contingent on closing the acquisition; notes will be offered under Rule 144A and Regulation S.

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