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Asbury Automotive completes $400 million offering of 6.0% Senior Subordinated Notes and concurrent tender offer

December 2014

Client(s) Asbury Automotive Group, Inc.

Jones Day represented Asbury Automotive Group, Inc., one of the largest automotive retailers in the U.S., in connection with its issuance of $400 million aggregate principal amount of 6.0% Senior Subordinated Notes due 2024 in a Rule 144A offering and concurrent tender offer and consent solicitation related to all of its outstanding 8.375% Senior Subordinated Notes due 2020.

The joint book-running managers were Merrill Lynch, Pierce, Fenner & Smith Incorporated; J.P. Morgan Securities LLC; and Wells Fargo Securities, LLC. Merrill Lynch, Pierce, Fenner & Smith Incorporated served as dealer manager for the tender offer and consent solicitation.

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