Sonic Automotive, Inc. 4.875% 15-NOV-2031Sonic Automotive, Inc. 4.875% 15-NOV-2031Sonic Automotive, Inc. 4.875% 15-NOV-2031

Sonic Automotive, Inc. 4.875% 15-NOV-2031

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Key terms


Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.88% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
6.55%
Maturity date
Nov 15, 2031
Term to maturity
6 years

About Sonic Automotive, Inc. 4.875% 15-NOV-2031


Sector
Retail Trade
Industry
Specialty Stores
Issue date
Oct 27, 2021
FIGI
BBG012YJLVF7
Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The firm operates through the following segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment provides comprehensive services, which include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The EchoPark segment sales used cars and light trucks. The company was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.
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