LKQ to refinance revolver borrowings with €500 million note proceeds

By Tali Rackner

Norfolk, Va., April 4 – LKQ Corp. plans to refinance borrowings under its revolving credit facility with the proceeds from LKQ Italia Bondco SpA’s private offering of €500 million of senior notes, according to a press release.

Proceeds will also be used for fees and expenses related to the offering.

Based in Chicago, LKQ provides alternative and specialty parts to repair and accessorize automobiles and other vehicles.

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