USA: Sonic Automotive Announces Proposed Private Placement
Sonic Automotive, Inc. (NYSE: SAH - news) has announced that it intends to offer approximately $125 million of its Senior Subordinated Notes due 2008. The offering will be made by means of an offering memorandum to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended, and is expected to close in late September.
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