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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:03 EDTABGAsbury Automotive reports Q4 EPS from continuing operations 72c, consensus 65c
Reports Q4 revenue $1.22B, consensus $1.18B. Reports Q4 New vehicle revenue $712.9M; Reports Q4 Used vehicle revenue $320.9M.
News For ABG From The Last 14 Days
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November 19, 2014
08:37 EDTABGAsbury Automotive initiates $400M private offering of senior subordinated notes
Asbury Automotive commenced an offering of $400.0M aggregate principal amount of senior subordinated notes due 2024 in a private placement that is exempt from the registration requirements of the Securities Act of 1933. The 2024 Notes will be guaranteed by all of the company's existing subsidiaries and certain future subsidiaries. The company intends to use the net proceeds from the offering of 2024 Notes to (i) purchase any and all of the company's outstanding 8.375% Senior Subordinated Notes due 2020 that are tendered pursuant to the Company's cash tender offer and consent solicitation for any and all 2020 Notes commenced on November 19, and pay the related consent fees in connection with the Tender Offer and (ii) pay all related transaction fees and expenses.

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