BB&T Capital Markets Serves as Co-Manager for Lithia Motors, Inc. $300 Million 5.250% Offering of Senior Notes due 2025
On July 12, 2017, BB&T Capital Markets served as a Co-Manager for an offering of $300 million 5.250% senior notes due 2025 by Lithia Motors.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
Lithia Motors, Inc. operates automotive franchises, and retails new and used vehicles in the United States. The Company operates in three segments: Domestic, Import, and Luxury. Lithia Motors sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing. As of February 28, 2017, the Company offered 30 brands of new vehicles and various brands of used vehicles in 154 stores in the United States, as well as online through Lithia.com; DCHauto.com; and CarboneCars.com.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.