Lithia buys back $35.6 million more 2.875% convertibles due May 2009 at discount

By Jennifer Chiou

New York, April 15 - Lithia Motors, Inc. said it repurchased and retired an additional $35.6 million of its 2.875% senior subordinated convertibles notes due May 2009 at a discount.

The company added that it has sufficient availability to retire the remaining $6.9 million of convertibles.

Based in Medford, Ore., Lithia Motors and its subsidiaries operate automotive franchises.

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