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Article: Sonic Automotive Prices Concurrent Offerings of Class A Common Stock and Convertible Senior Notes.
- Article from:
- PR Newswire
- Article date:
- September 18, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C., Sept. 17 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc. today announced it has priced its previously announced concurrent public offerings of Class A common stock and convertible senior notes. The offerings were made pursuant to Sonic Automotive's registration statement (including a prospectus and related preliminary prospectus supplement for each of the common stock and convertible senior notes offerings). The total gross proceeds from the offerings will be approximately $240.9 million, excluding any proceeds attributable to the underwriters' possible exercise of their options to purchase additional securities to cover over allotments as described ...