Lithia Motors issues $600M of 5.500% Senior Notes due 2030 to repay revolver

LITHIA MOTORS INC

Aggregate principal $600M, interest 5.500% semi-annual, maturity Oct 1, 2030.
Net proceeds to repay revolving credit borrowings; reborrow for acquisitions, working capital.
Senior unsecured notes rank pari passu with existing senior debt; guaranteed by certain subsidiaries.
Issued in private offering exempt from SEC registration under Securities Act.
Callable on or after Oct 2027 at specified prices; earlier redemption with make-whole premium.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LITHIA MOTORS INC incurred senior notes of $600 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.500% maturing October 1, 2030.

Instrument: senior notes
Principal: $600 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.500%
Maturity: October 1, 2030
Event: incurrence

Exact text from the filing

completed a private offering (the “Offering”) of $600 million aggregate principal amount of its 5.500% Senior Notes due 2030

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Source: SEC EDGAR

accession 0001140361-25-034574

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