AUTONATION, INC. (AN): debt financing — AutoNation issues $500M of 5.890% Senior Notes due 2035

AUTONATION, INC.

Principal amount $500M, interest rate 5.890%, maturity March 15, 2035.
Issued at 99.995% of par, yielding 5.890% to maturity.
Joint book-running managers: BofA, J.P. Morgan, Mizuho, Truist, Wells Fargo.
Notes are structurally subordinated to subsidiary liabilities; not guaranteed by subsidiaries.
Indenture contains customary covenants limiting liens, sale-leaseback, and mergers.

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

AUTONATION, INC. incurred senior notes of $500 million aggregate principal amount with BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC at 5.890% maturing March 15, 2035.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC
Rate: 5.890%
Maturity: March 15, 2035
Event: incurrence

Exact text from the filing

On February 24, 2025, AutoNation, Inc. (the “Company”) closed its sale of $500 million aggregate principal amount of 5.890% Senior Notes due 2035 (the “Notes”), pursuant to an underwriting agreement (the “Underwriting Agreement”), entered into on February 19, 2025, by and between the Company and BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule A thereto.

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AUTONATION, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-033444

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