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Article: Sonic Automotive Completes Concurrent Offerings of Class A Common Stock and Convertible Senior Notes, Including Full Over-Allotment Options.
- Article from:
- PR Newswire
- Article date:
- September 23, 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. 23 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc. today announced it has completed its previously announced concurrent public offerings of 10,350,000 shares of Class A common stock and $172.5 million aggregate principal amount of 5.0% convertible senior notes due 2029 (the "convertible senior notes"), including the exercise in full of the underwriters' options to purchase additional securities in each offering. The offerings were made pursuant to Sonic Automotive's registration statement (including a prospectus and related prospectus supplement for each of the common stock and convertible senior notes offerings). The total net proceeds from ...