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AutoNation intends to price senior notes in two tranches
By Aleesia Forni
Virginia Beach, Sept. 16 – AutoNation Inc. is planning to price senior notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC, Wells Fargo Securities LLC and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to reduce borrowings under a revolving credit facility and for general corporate purposes.
The automotive retailer is based in Fort Lauderdale.
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