Cars.com draws on revolver for purchase of Accu-Trade Group

Chicago, March 1 – Cars.com Inc. made a draw on its revolver for its $65 million acquisition of Accu-Trade Group, according to a press release.

CARS used both a combination of cash on hand and the drawdown to fund the acquisition.

The acquisition may involve future payments of up to $63 million, based on the actual performance, to be earned over the next three years.

Cars.com is a Chicago-based digital automotive marketplace company.

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