LKQ European Holdings B.V. to Offer €1.0 Billion Senior Notes
March 19 2018 - 4:31AM
LKQ Corporation (Nasdaq:LKQ) today announced that LKQ European
Holdings B.V., a wholly-owned subsidiary, intends to privately
offer, subject to market and other conditions, €1.0 billion in
aggregate principal amount of senior notes due 2026 and senior
notes due 2028. The notes will be fully and unconditionally
guaranteed by LKQ Corporation and each of its domestic wholly-owned
subsidiaries that are guarantors under its senior secured credit
facility. The Company intends to use the net proceeds from the
offering, together with borrowings under its senior secured credit
agreement, (i) to finance a portion of the consideration payable
for the pending Stahlgruber GmbH acquisition, (ii) for general
corporate purposes and (iii) to pay related fees and expenses,
including the refinancing of net financial debt.
The notes have not been and will not be
registered under the Securities Act of 1933 (the “Securities Act”)
or the securities laws of any other jurisdiction. As a result, they
may not be offered or sold in the United States or to any U.S.
persons except pursuant to an applicable exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act. The notes will be offered only to non-U.S. persons
outside the U.S. pursuant to Regulation S under the Securities Act
and to qualified institutional buyers pursuant to Rule 144A under
the Securities Act.
This announcement does not constitute an offer
to sell or the solicitation of an offer to buy the notes in the
offering, nor shall there be any sale of such notes in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This press release is
being issued pursuant to and in accordance with Rule 135c under the
Securities Act.
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 replacement systems, components,
equipment and parts to repair and accessorize automobiles, trucks,
and recreational and performance vehicles.
Forward Looking Statement
Statements and information in this press release
that are not historical are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
are made pursuant to the “safe harbor” provisions of such Act.
Forward-looking statements include, but are not
limited to, statements regarding our outlook, guidance,
expectations, beliefs, hopes, intentions and strategies. These
statements are subject to a number of risks, uncertainties,
assumptions and other factors including those identified
below. All forward-looking statements are based on
information available to us at the time the statements are made. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
You should not place undue reliance on our
forward-looking statements. Actual events or results may differ
materially from those expressed or implied in the forward-looking
statements. The risks, uncertainties, assumptions and other factors
that could cause actual results to differ from the results
predicted or implied by our forward-looking statements include the
factors discussed in our filings with the SEC, including those
disclosed under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Report on Form 10-K for the year
ended December 31, 2017 and in our subsequent Quarterly
Reports on Form 10-Q. These reports are available on our investor
relations website at lkqcorp.com and on the SEC website at
sec.gov.
MiFID II professionals/ECPs-only/No
PRIIPs KID
Manufacturer target market (MIFID II product
governance) is eligible counterparties and professional clients
only (all distribution channels). No PRIIPs key information
document (KID) has been prepared as not available to retail in
EEA.
Joseph P. Boutross-LKQ CorporationVice
President, Investor Relations jpboutross@lkqcorp.com(312)
621-2793
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