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