BB&T Capital Markets Serves as Co-Manager for LKQ Corporation’s €1.0 Billion Aggregate Senior Notes Offering
On March 22, 2018, BB&T Capital Markets served as a co-manager for an aggregate senior notes offering of €1.0 billion by LKQ Corporation and its subsidiary, LKQ European Holdings B.V.
Proceeds from the offering are being used for acquisition financing and general corporate purposes.
About the Companies
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. It also operates self-service retail operations under the LKQ Pick Your Part name. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, cargo management products, wheels, tires, and suspension products. Further, it designs, manufactures, and markets vehicle equipment and accessories. It primarily serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. LKQ Corporation was founded in 1998. LKQ European Holdings B.V. is a wholly owned subsidiary of LKQ Corporation.
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.