LKQ Corporation Announces Extension of Exchange Offer
16 Octobre 2023 - 2:00PM
LKQ Corporation (Nasdaq: LKQ) announced today that it has extended
the expiration date for its offer to exchange any and all of its
outstanding $800 million aggregate principal amount of 5.75% senior
notes due 2028 (the “2028 original notes”) and $600 million
aggregate principal amount of 6.25% senior notes due 2033 (the
“2033 original notes”) for equal principal amounts of new issues of
each series of such notes registered under the United States
Securities Act of 1933.
The exchange offer, which was originally
scheduled to expire at 5:00 p.m., New York City time, on Friday,
October 13, 2023, has been extended until 5:00 p.m., New York City
time, on Friday, October 20, 2023, unless further extended. All
other terms, provisions and conditions of the exchange offer will
remain in full force and effect.
A Form S-4 registration statement filed by LKQ
with the United States Securities and Exchange Commission regarding
the exchange offer was declared effective by the United States
Securities and Exchange Commission on September 14, 2023. As of
5:00 p.m., New York City time, on October 13, 2023, approximately
$797,264,000.00 in aggregate principal amount of the 2028 original
notes and approximately $599,008,000.00 in aggregate principal
amount of the original 2033 notes have been tendered and not
withdrawn in the exchange offer. The expiration date for the
exchange offer is being extended to provide time for remaining
outstanding unregistered notes to be exchanged.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any security and
shall not constitute an offer, solicitation or sale of any
securities in any jurisdiction in which such offering, solicitation
or sale would be unlawful. A copy of the prospectus and other
materials related to the exchange offer may be obtained from the
exchange agent, U.S. Bank Trust Company, National Association, by
calling (800) 934-6802.
About LKQ Corporation
LKQ Corporation is a leading provider of
alternative and specialty parts to repair and accessorize
automobiles and other vehicles. LKQ has operations in North
America, Europe and Taiwan. LKQ offers its customers a broad range
of OEM recycled and aftermarket parts, replacement systems,
components, equipment, and services to repair and accessorize
automobiles, trucks, and recreational and performance vehicles.
Forward-Looking Statements
Certain statements in this press release that
are not historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally include expectations,
beliefs, hopes, intentions or strategies regarding our future,
including with respect to the pending exchange offer for our
outstanding privately placed senior notes and the timing for the
completion of such exchange offer. Forward looking statements are
subject to risks, uncertainties and other factors some of which are
not currently known to us. Actual events or results may differ
materially from those expressed or implied in the forward-looking
statements as a result of various factors. Some of such risks,
uncertainties and other factors are described in our Form 10-K for
the year ended December 31, 2022, in our Form 10-Q for the
six-month period ended June 30, 2023, and in other documents we
file with the United States Securities and Exchange Commission from
time to time. We assume no obligation to publicly update any
forward-looking statement to reflect events or circumstances
arising after the date on which it was made, except as required by
law.
Contact:Joseph P. Boutross – Vice President,
Investor RelationsLKQ Corporation(312)
621-2793jpboutross@lkqcorp.com
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