AutoNation to repay revolver borrowings with proceeds of notes sale

By Wendy Van Sickle

Columbus, Ohio, Sept. 16 – AutoNation, Inc. will repay borrowings under its revolving credit facility with some proceeds of an offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Other proceeds will also be used for general corporate purposes.

The automotive retailer is based in Fort Lauderdale, Fla.

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