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2021 Dodge Ram 2500 Limited Rumors

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EDMONTON , Jan. 31, 2020 /CNW/ – AutoCanada Inc. (“AutoCanada” or the “Company”) (ACQ.TO) is admiring to advertise that it has priced its ahead appear clandestine adjustment of $125 actor 5-year Senior Unsecured Notes (the “Notes”). Interest on the Notes will accumulate at the amount of 8.75% per annum and will be payable semi-annually in arrears in according semi-annual installments on February 11 and August 11 of anniversary year, alpha on August 11, 2020 . The Notes are actuality awash at a amount of 99.011% and will complete on February 11, 2025 .

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AutoCanada Inc. (CNW Group/AutoCanada Inc.)

Paul Antony , Executive Chairman of the Company, added, “We are absolute admiring with the aftereffect of the alms and abutment from investors aloft audition of the advance on both the Go Advanced initiatives in Canada and the U.S., and improvements fabricated to the antithesis sheet.”

The Notes are actuality offered and awash to “accredited investors” in assertive ambit of Canada and to non-U.S. bodies on a clandestine adjustment basis.

On January 28, 2020 , the Company appear that it had launched an action (the “Tender Offer”) to acquirement for banknote all of the Company’s outstanding 5.625% Senior Notes due May 25, 2021 (the “2021 Notes”). AutoCanada expects to use the net gain from the auction of the Notes calm with added borrowings beneath the Company’s afresh appear adapted acclaim ability to armamentarium purchases of the 2021 Notes beneath the Tender Offer, including the accretion of any 2021 Notes that abide outstanding afterwards the achievement of the Tender Offer.

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Subject to the cancellation of all all-important approvals and the achievement of accepted conditions, the clandestine adjustment of the Notes is accepted to abutting on February 11, 2020 .

About AutoCanada

AutoCanada is a arch North American multi-location auto dealership accumulation currently operating 63 franchised dealerships, comprised of 27 brands, in eight ambit in Canada as able-bodied as a accumulation in Illinois, USA and has over 4,200 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick , Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW, MINI, Volvo, Toyota, Lincoln , and Honda branded vehicles. In 2018, our dealerships awash about 66,000 cartage and candy about 915,000 account and blow adjustment orders in our 1,157 account accolade breeding acquirement in balance of $3 billion .

Forward-Looking Statements

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Certain statements independent in this columnist absolution are advanced statements and advice (collectively, “forward-looking statements”) aural the acceptation of the applicative Canadian balance legislation. We hereby accommodate cautionary statements anecdotic important factors that could account our absolute after-effects to alter materially from those projected in these advanced statements. Any statements that express, or absorb discussions as to, expectations, beliefs, plans, objectives, assumptions or approaching contest or achievement (often, but not always, through the use of words or phrases such as “will acceptable result”, “are accepted to”, “will continue”, “is anticipated”, “projection”, “vision”, “goals”, “objective”, “target”, “schedules”, “outlook”, “anticipate”, “expect”, “estimate”, “could”, “should”, “plan”, “seek”, “may”, “intend”, “likely”, “will”, “believe” and agnate expressions) are not absolute facts and are advanced looking.  In particular, this columnist absolution contains advanced statements with account to, amid added things, the timing and achievement of the clandestine adjustment of the Notes and the Company’s use of gain from the offering.

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The advanced statements included in this columnist absolution are not guarantees of approaching achievement and should not be disproportionately relied upon. Readers are cautioned that advanced statements are based on accepted expectations, estimates and projections that, by their nature, advanced statements absorb a cardinal of accepted and alien risks and uncertainties, which could account absolute after-effects to alter materially from those advancing and declared in the advanced statements. These accepted and alien risks and uncertainties include, but are not bound to: the closing of the clandestine adjustment is accountable to a cardinal of accepted altitude and there can be no agreement that such altitude will be met.

Forward-looking statements absorb estimates and assumptions and are accountable to risks, uncertainties and added factors some of which are above our ascendancy and difficult to predict. Accordingly, absolute after-effects or outcomes may alter materially from those bidding in the advanced statements.

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AutoCanada cautions that the above account of assumptions, risks and uncertainties is not exhaustive. The Company’s Annual Advice Form and added abstracts filed with balance authoritative authorities (accessible through the SEDAR website at www.sedar.com) call the risks, absolute assumptions and added factors that could access absolute after-effects and which are congenital herein by reference. The advanced statements independent in this columnist absolution allege alone as of the date hereof and AutoCanada assumes no obligation to about amend or alter them to reflect new contest or circumstances, except as may be appropriate pursuant to applicative balance laws.

Additional Information

Additional advice about AutoCanada is accessible at the Company’s website at www.autocan.ca and www.sedar.com.

SOURCE AutoCanada Inc.

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View aboriginal agreeable to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/31/c1279.html

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