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LKQ to redeem €750 million 3 5/8% senior notes due 2026
By Taylor Fox
New York, March 8 – LKQ Corp.’s wholly-owned subsidiary, LKQ European Holdings BV, plans to redeem its €750 million of 3 5/8% senior notes due 2026, according to a news release.
The notes will be redeemed April 1 at a price equal to 101.813 plus interest.
The company is redeeming the notes with the proceeds from lower cost revolver borrowings and cash on hand.
LKQ European Holdings’ €250 million senior notes due 2028, also governed by the indenture, will remain outstanding.
BNP Paribus Trust Corp. UK Ltd. is the trustee and BNP Paribus Securities Services, Luxembourg Branch is the paying agent.
LKQ is a Chicago-based provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.
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