Sonic Automotive files $500 million shelf for debt, stock, preferreds

By Devika Patel

Knoxville, Tenn., Aug. 24 - Sonic Automotive, Inc. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, class A common stock, preferred stock, warrants and guarantees.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Sonic is an automotive retailer based in Charlotte, N.C.

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