The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Sonic Automotive Announces Proposed Private Placement

14 September 2000

Sonic Automotive Announces Proposed Private Placement
    CHARLOTTE, N.C., Sept. 13 Sonic Automotive, Inc.
announced today that it intends to offer approximately
$125 million of its Senior Subordinated Notes due 2008.  The offering will be
made by means of an offering memorandum to qualified institutional buyers
pursuant to Rule 144A promulgated under the Securities Act of 1933, as
amended, and is expected to close in late September.  Sonic Automotive will
use the net proceeds from the offering to repay a portion of the indebtedness
outstanding under its existing revolving credit facility, which amounts may be
reborrowed.