Lithia Motors Inc (LAD) 2020-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD550.00010.25Jan-31Sr. UnsecuredBa2BB-FixedTsy-4.50% a3764.38%-100.00000
Tranche Comments
10.25 yr: Redemption: 2025-01-15; Registration: 144A/Reg S; Comments: US$550m(upsized from US$500m) 4.375% cpn 10.25-yr (1/15/31) NC5 (10/15/25) at 100.00, yld 4.376%. Spread: T+376bp. MWC T+50bp prior to 10/15/25 and then 102.188, 101.458, 100.729, 100.00. Equity clawback: Up to 40% at 104.375 prior to 10/15/25. 144A CUSIP: 536797AF0;
Use of Proceeds
Repay debt and for general corporate purposes
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