LKQ Corporation to Offer $500 Million Senior Unsecured Notes
CHICAGO, April 29, 2013 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today
announced that it intends to privately offer, subject to market and other
conditions, $500 million in aggregate principal amount of senior unsecured
notes. The notes will be fully and unconditionally guaranteed by certain of
the Company's subsidiaries. The Company intends to use the net proceeds from
the offering to repay borrowings under its revolving credit facility, to pay
related fees and expenses and for general corporate purposes.
The notes will not be registered under the Securities Act of 1933, as amended
(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 qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to non-U.S. persons outside the United States
pursuant to Regulation S 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 state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state. This press release is being issued pursuant to and in accordance with
Rule 135c under the Securities Act.
About LKQ Corporation
LKQ Corporation is the largest nationwide provider of aftermarket, recycled
and refurbished collision replacement parts, anda leading provider of
recycled transmissions and remanufactured engines, all in connection with the
repair of automobiles and other vehicles. LKQ also has operations in the
United Kingdom, Canada, Mexico and Central America.
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 proposed offering of the senior unsecured
notes and our ability to complete such 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 period ended December 31, 2012 and in our
Form 10-Q for the period ended March 31, 2013, and are described in other
periodic filings with the Securities and Exchange Commission. 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 - LKQ Corporation
Director, Investor Relations
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