secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001065696-23-000050
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000050/0001065696-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000050/lkq-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001065696-23-000050

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