LKQ Corporation Announces Pricing of €750,000,000 Senior Notes
28 Février 2024 - 9:45PM
LKQ Corporation (Nasdaq: LKQ), together with its indirect,
wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company
with limited liability (besloten vennootschap met beperkte
aansprakelijkheid) incorporated under the laws of The Netherlands
(“LKQ Finance”) announced today that it has priced an offering by
LKQ Finance of €750,000,000 aggregate principal amount of 4.125%
senior notes due 2031 (the “notes”). The offering is expected to
close on or about March 13, 2024, subject to the satisfaction of
customary closing conditions.
The joint book-running managers for the offering
are BofA, HSBC, Wells Fargo, BNP Paribas, MUFG and UniCredit.
The notes will be fully and unconditionally
guaranteed on a senior unsecured basis by the Company and certain
of the Company’s U.S. subsidiaries (the “guarantees”). LKQ Finance
intends to use the net proceeds from the offering of the notes,
together with cash on hand, to (i) pay outstanding indebtedness,
including the redemption of all of the outstanding €500,000,000
aggregate principal amount of the 3.875% senior notes due 2024
issued by the Company’s indirect wholly-owned subsidiary, LKQ
Italia Bondco di LKQ Italia Bondco GP S.r.l e C.S.A.P.A. (f/k/a LKQ
Italia Bondco S.p.A.) and (ii) pay accrued interest and related
fees, premiums and expenses.
The Company has filed a registration statement
(including a prospectus and related preliminary prospectus
supplement for the offering) with the U.S. Securities and Exchange
Commission (the “SEC”) for the offering to which this communication
relates. Before you invest, you should read the preliminary
prospectus supplement, the accompanying prospectus in that
registration statement and the other documents the Company has
filed with the SEC for more complete information about the Company
and this offering. You may get these documents for free by visiting
EDGAR on the SEC’s website at www.sec.gov. Alternatively, the
Company, any underwriter or any dealer participating in the
offering will arrange to send you the preliminary prospectus
supplement and the accompanying prospectus if you request if by
contacting BofA Securities Europe S.A. at +33(0) 1 8770 0000, HSBC
Continental Europe at +1 (866) 811-8049 and Wells Fargo Securities
Europe S.A. at +33 (0) 1 85 14 06 62.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy the notes, and shall
not constitute an offer, solicitation or sale of such notes in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) 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 offering of the notes, our
ability to complete such offering and our intentions with regard to
the use of the net proceeds from the offering. 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, 2023, and in other
documents we file with the SEC 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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