Sonic Automotive Withdraws Private Debt Offering
29 September 2000
Sonic Automotive Withdraws Private Debt OfferingCHARLOTTE, N.C., Sept. 29 Sonic Automotive, Inc. announced today that due to adverse market conditions, it has withdrawn its previously announced offering of approximately $125 million of its Senior Subordinated Notes due 2008. Sonic had previously announced that this offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, was expected to close in late September.