Brief: Autocanada Announces Offering Of $300 Million Senior Unsecured Notes

Autocanada

20/01/2022 14:25

Jan 20 (Reuters) - AutoCanada Inc  ACQ.TO :
    * AUTOCANADA ANNOUNCES OFFERING OF $300 MILLION SENIOR
UNSECURED
NOTES
    * AUTOCANADA INC - INTENDS TO OFFER $300 MILLION OF 7-YEAR
SENIOR
UNSECURED NOTES
    * AUTOCANADA INC - INTENDS TO USE NET PROCEEDS OF OFFERING
TO FUND
REDEMPTION OF ITS OUTSTANDING $250 MILLION 8.75% SENIOR NOTES
DUE 2025
    * AUTOCANADA INC - INTENDS TO USE NET PROCEEDS OF OFFERING
TO
REDUCE OUTSTANDING BALANCE UNDER ITS SYNDICATED CREDIT FACILITY

Source text for Eikon:  ID:nCNWCqqFGa 
Further company coverage:  ACQ.TO 

 ((Reuters.Briefs@thomsonreuters.com;))