---
schema_version: "secwatch.filing_event.v1"
accession: "0001065696-23-000054"
form_type: "8-K"
ticker: "LKQ"
cik: "0001065696"
company_name: "LKQ CORP"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:30:35.125574+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LKQ issues $1.4B senior notes at 5.75% (2028) and 6.25% (2033) to fund Uni-Select acquisition

## Summary
- $800M 5.75% notes due 2028 and $600M 6.25% notes due 2033 issued on May 24, 2023.
- Net proceeds, with term loan borrowings, will finance portion of Uni-Select acquisition and associated fees.
- Notes are senior unsecured, guaranteed by domestic subsidiaries; interest payable semi-annually.
- If Uni-Select acquisition not completed by Nov 27, 2023 (ext. to Feb 26, 2024), 2033 notes must be redeemed at 101%.
- Registration Rights Agreement requires exchange offer registration within 330 days, with Additional Interest penalties for defaults.

## SEC filing metadata
- accession: 0001065696-23-000054
- form_type: 8-K
- ticker: LKQ
- cik: 0001065696
- company_name: LKQ CORP
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/0001065696-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/lkq-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065696-23-000054
- JSON: https://secwatch.observer/filing/0001065696-23-000054.json
- Plain text: https://secwatch.observer/filing/0001065696-23-000054.txt

## Key facts
- Debt Financings
  LKQ CORP incurred senior notes of $1.4 billion aggregate principal amount of senior unsecured notes, consisting of $800 million senior notes due 2028 and with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers at interest at rates of 5.75% and 6.25%, respectively, per year maturing due 2028 and due 2033.
  - Instrument: senior notes
  - Principal: $1.4 billion aggregate principal amount of senior unsecured notes, consisting of $800 million senior notes due 2028 and
  - Counterparty: BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers
  - Rate: interest at rates of 5.75% and 6.25%, respectively, per year
  - Maturity: due 2028 and due 2033
  - Event: incurrence
  source text: On May 24, 2023, LKQ Corporation (the "Company," "we," "us," or "our") completed an offering of $1.4 billion aggregate principal amount of senior unsecured notes, consisting of $800 million senior notes due 2028 (the "2028 Notes") and $600 million senior notes due 2033 (the "2033 Notes" and together with the 2028 Notes, the "Notes") in a private placement conducted pursuant to Rule 144A and Regulation S under the United States Securities Act of 1933 (the "Securities Act").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/0001065696-23-000054-index.htm
- Material Agreements
  LKQ CORP entered into Registration Rights Agreement with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers (effective 2023-05-24).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers
  - Effective: 2023-05-24
  source text: In connection with the sale of the Notes, we entered into a Registration Rights Agreement, dated as of May 24, 2023 (the "Registration Rights Agreement"), with the Guarantors and BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the Notes identified therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/0001065696-23-000054-index.htm
- Material Agreements
  LKQ CORP entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $1.4 billion (effective 2023-05-24).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $1.4 billion
  - Effective: 2023-05-24
  source text: The Notes are governed by the Indenture, dated as of May 24, 2023 (the "Indenture"), among the Company, certain of the Company's subsidiaries (the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/0001065696-23-000054-index.htm

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