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CDK Global offering senior notes

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CDK Global offering senior notes

CDK Global is offering $500 million aggregate principal amount of senior notes due 2026.

The company plans to use the proceeds from the offering for general corporate purposes, which may include share repurchases, dividends, acquisitions, repayments of debt, working capital and capital expenditures.

JPMorgan, Bank of America Merrill Lynch, Morgan Stanley, MUFG, US Bancorp and Wells Fargo Securities are acting as joint book-running managers in the offering.