Asbury Automotive completes $1.125 billion offering of Senior Notes

Client(s) Asbury Automotive Group, Inc.

Jones Day represented Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., in connection with its private offering of $1.125 billion of Senior Notes, consisting of $525 million of 4.50% Senior Notes due March 2028 and $600 million of 4.75% Senior Notes due March 2030. Asbury intends to use the proceeds of the offering to fund the acquisition of substantially all of the assets of the businesses of the Park Place Dealership family of entities and redeem all of its outstanding Senior Subordinated Notes.