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Sonic Automotive calls all $16 million 4.25% convertibles due 2015
By Melissa Kory
Cleveland, Oct. 21 - Sonic Automotive, Inc. announced that it will redeem all of its outstanding $16 million 4.25% convertible senior subordinated notes due 2015.
The notes will be redeemed Nov. 30 at par, plus accrued interest up to the redemption date.
The notes are now convertible at the option of the holder.
Sonic is an automotive retailer based in Charlotte, N.C.
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