secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001065696-23-000054
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/0001065696-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569623000054/lkq-20230524.htm
  HTML page:      https://secwatch.observer/filing/0001065696-23-000054

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