debt
confidence high
sentiment neutral
materiality 0.55
AutoNation closes $600M 4.450% Senior Notes due 2029 offering
AUTONATION, INC.
- $600M aggregate principal sold at 99.846% for yield to maturity of 4.499%.
- Notes mature Jan 15, 2029; interest 4.450% payable semi-annually on Jan 15 and Jul 15 starting Jul 15, 2026.
- Issued under senior indenture with Computershare Trust; covenants limit liens, sale/leaseback, and mergers.
- Underwriters include BofA Securities, Mizuho, Truist, Wells Fargo; affiliates have existing lending relationships.