Loop Capital Markets as co-manager on $700 million senior unsecured bond offering for AutoNation, Inc.

On February 23, 2022, Loop Capital Markets served as a co-manager on a $700 million senior unsecured bond offering for AutoNation, Inc. The 10-year bond is rated Baa3/BBB-.

Use of proceeds are earmarked for general corporate purposes which may include reducing borrowings under AutoNation’s commercial paper program, reducing the revolving credit facility under the company’s credit agreement, and potential share repurchases, strategic initiatives, and acquisitions.