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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 4/23/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

CDK redeems all 5 7/8% senior notes due 2026 at 103.703

By Wendy Van Sickle

Columbus, Ohio, April 23 – CDK Global, Inc. redeemed all of its outstanding 5 7/8% senior notes due 2026 at 103.703 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The redemption was funded with cash on hand and decreases the company’s annual interest expense by about $29.4 million.

CDK Global is a Hoffman Estates, Ill.-based provider of software services for the automotive retail industry.


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