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Asbury Automotive to repay bank debt with bond sale proceeds
By Sara Rosenberg
New York, Dec. 12 - Asbury Automotive Group Inc. said it plans to repay debt under its credit facility with a portion of the proceeds from a $150 million senior subordinated notes offering.
Remaining proceeds will be used for general corporate purposes including acquisitions, according to a company news release.
Asbury Automotive is a Stamford, Conn., automotive retailer.
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