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LKQ subsidiary completes pricing of €1B senior notes

LKQ Corp., an automobile parts seller, said its subsidiary LKQ European Holdings BV has completed the pricing of senior notes worth 1 billion.

The company is offering 750 million of senior notes due 2026 with a 3.625% interest rate and 250 million of senior notes due 2028 with a 4.125% interest rate.

The 2026 notes will mature April 1, 2026; the 2028 notes will mature April 1, 2028.

The company plans to use the net proceeds along with borrowings from its senior secured credit facility for general corporate purposes and to pay related fees and expenses, as well as financing a part of its pending acquisition of STAHLGRUBER GmbH.

The offering is set to close on or about April 9, contingent upon customary closing conditions.