Source-grounded facts extracted from LKQ CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
LKQ CORP incurred term loan of CAD 700 million with Wells Fargo Bank, National Association at Eurocurrency Rate Spread ranges from 1.125% to 1.75%, and the Canadian Prime Rat maturing three years from the date of funding of the Term Loan.
“Wells Fargo Bank, National Association ("Wells Fargo Bank"), as administrative agent; Bank of America, N.A.”
LKQ CORP entered into Term Loan Credit Agreement with several lenders from time to time party thereto as Lenders; Wells Fargo Bank, National Association, as administrative agent; Bank of America, N.A., as syndication agent; Capital One Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association and Truist Bank as Documentation Agents; BofA Securities, valued at up to CAD 700 million (effective 2023-03-27).
“On March 27, 2023, LKQ Corporation ("LKQ" or the "Company") entered into a new term loan credit agreement (the "Term Loan Credit Agreement") with several lenders from time to time party thereto as Lenders (the "Lenders"); Wells Fargo Bank, National Association ("Wells Fargo Bank"), as administrative agent; Bank of America, N.A. ("Bank of America"), as syndication agent; Capital One Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association and Truist Bank as Documentation Agents; BofA Securities, Inc., and Wells Fargo Securities, LLC, Capital One Bank, N.A., MUFG Bank, Ltd., PNC Capital Markets LLC and Truist Securities, Inc. as joint bookrunners and joint lead arrangers.”
Jake Welch departed as Director at LKQ CORP.
“each of Robert M. Hanser and Jake Welch informed the Company of their respective intentions not to stand for reelection at the Company’s 2023 annual meeting of shareholders, which is expected to take place on May 9, 2023”
Robert M. Hanser departed as Director at LKQ CORP.
“each of Robert M. Hanser and Jake Welch informed the Company of their respective intentions not to stand for reelection at the Company’s 2023 annual meeting of shareholders, which is expected to take place on May 9, 2023”
LKQ CORP entered into Arrangement Agreement with Uni-Select Inc. and 9485-4692 Québec Inc. valued at CAD $48.00 (effective 2023-02-26).
“On February 26, 2023, LKQ Corporation, a Delaware corporation (“ LKQ ”), Uni-Select Inc., a corporation existing under the Business Corporations Act (Québec) (“ Uni-Select ”), and 9485-4692 Québec Inc., a corporation existing under the Business Corporations Act (Québec) and a wholly owned subsidiary of LKQ (the “ Purchaser ”), entered into an Arrangement Agreement (the “ Arrangement Agreement ”), pursuant to which, among other things, the Purchaser has agreed to acquire all of the issued and outstanding common shares of Uni-Select (the “ Arrangement ”).”
LKQ CORP reported FY2022 results: revenue $12.8 billion, net income $1.14 billion, EPS $4.11.
“Revenue for the full year of 2022 was $12.8 billion, a decrease of 2.3% as compared to $13.1 billion for the full year of 2021. On a constant currency basis 1 , full year 2022 revenue increased by 2.8% to $13.5 billion. For the full year of 2022, parts and services organic revenue increased 5.0% on a reported basis (5.2% on a per day basis), while the net impact of acquisitions and divestitures decreased revenue by 1.2% and foreign exchange rates decreased revenue by 5.5%, for a total parts and services revenue decrease of 1.7%. Other revenue for the full year of 2022 fell 9.2% primarily due to weaker commodity prices relative to 2021. Net income 2 for the full year of 2022 was $1.14 billion as compared to $1.09 billion for the same period in 2021. Diluted earnings per share 2 for the full year of 2022 was $4.11 as compared to $3.66 for the same period of 2021, an increase of 12.3%.”
LKQ CORP reported Q4 2022 results: revenue $3.0 billion, net income $193 million, EPS $0.72.
“Revenue for the fourth quarter of 2022 was $3.0 billion, a decrease of 5.8% as compared to $3.2 billion in the fourth quarter of 2021. On a constant currency basis 1 , fourth quarter revenue decreased by 0.1%. For the fourth quarter of 2022, parts and services organic revenue increased 4.5% (5.9% on a per day basis), while the net impact of acquisitions and divestitures decreased revenue by 3.1% and foreign exchange rates decreased revenue by 6.1%, for a total parts and services revenue decrease of 4.8%. Other revenue fell 20.1% in the fourth quarter of 2022 primarily due to weaker commodity prices relative to the same period in 2021. Net income 2 for the fourth quarter of 2022 was $193 million as compared to $235 million for the same period in 2021. Diluted earnings per share 2 for the quarter was $0.72 as compared to $0.81 for the same period of 2021, a decrease of 11.1%.”
LKQ CORP incurred credit facility of up to $2 billion revolving credit facility and $500 million term loan with Wells Fargo Bank, National Association, as administrative agent, and other lenders at variable rate based on SOFR or Alternate Base Rate plus spreads ranging from 1.1 maturing Revolving loans mature January 5, 2028; term loan matures January 5, 2026.
“The New Credit Agreement includes an unsecured revolving credit facility of up to a U.S. Dollar equivalent of $2 billion, which includes a $150 million sublimit for the issuance of letters of credit and a $150 million sublimit for swing line loans (the "Revolving Loans") and an unsecured term loan facility of up to $500 million (the "Term Loan" and collectively with the Revolving Loans, the "Loans").”
LKQ CORP entered into Credit Agreement with Wells Fargo Bank, National Association, Bank of America, N.A., PNC Bank, National Association, Truist Bank, MUFG Bank, Ltd., and other lenders valued at $2 billion (effective 2023-01-05).
“On January 5, 2023, LKQ Corporation ("LKQ" or the "Company") and certain other subsidiaries of LKQ (collectively, the "Borrowers") entered into a new Credit Agreement (the "New Credit Agreement") with several lenders from time to time party thereto as Lenders (the "Lenders"); Wells Fargo Bank, National Association ("Wells Fargo Bank"), as administrative agent; Bank of America, N.A. ("Bank of America"), as syndication agent; PNC Bank, National Association, Truist Bank and MUFG Bank, Ltd. ("MUFG"), as Documentation Agents; Wells Fargo Bank and Bank of America, as Sustainability Structuring Agents; Wells Fargo Securities, LLC, BofA Securities, Inc., PNC Capital Markets LLC, Truist Securities, Inc. and MUFG, as joint bookrunners and joint lead arrangers.”
LKQ CORP reported third quarter 2022 results: revenue $3.1 billion, net income $261 million, EPS $0.95. Guidance reaffirmed.
“--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Document Exhibit 99.1 LKQ CORPORATION ANNOUNCES RESULTS FOR THIRD QUARTER 2022 • R evenue of $3.1 billion; revenue on a constant currency basis 1 of $3.3 billion • Parts and services organic revenue growth of 4.8% (5.3% on a per day basis) • Diluted EPS 2 of $0.95 (down 1.0%);”
Rick Galloway was appointed as Senior Vice President and Chief Financial Officer at LKQ CORP.
“Rick Galloway, Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments, has been appointed as LKQ’s Senior Vice President and Chief Financial Officer.”
Arnd Franz departed as Chief Executive Officer and Managing Director of LKQ Europe at LKQ CORP.
“Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its Chief Executive Officer.”
Varun Laroyia was appointed as Chief Executive Officer and Managing Director of LKQ Europe at LKQ CORP.
“Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.