debt
confidence high
sentiment neutral
materiality 0.50
AutoNation closes $850M senior notes offering: $400M 1.950% 2028 notes, $450M 2.400% 2031 notes
AUTONATION, INC.
- Closed $400M of 1.950% Senior Notes due 2028 at 99.805% (yield 1.980%).
- Closed $450M of 2.400% Senior Notes due 2031 at 99.735% (yield 2.430%).
- Notes are unguaranteed, structurally subordinated to subsidiary liabilities.
- Underwriters include BofA, J.P. Morgan, Truist, Wells Fargo; certain affiliates have existing lending relationships.
- Issued under existing shelf registration and indenture with Wells Fargo as trustee.