LKQ $1.4 billion senior notes offering
The senior notes are due 2028 and 2033
Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A / Regulation S offering by LKQ Corporation of $800 million aggregate principal amount of 5.750% senior notes due 2028 and $600 million aggregate principal amount of 6.250% senior notes due 2033. The notes are guaranteed on a senior unsecured basis by certain subsidiaries of LKQ Corporation.
LKQ Corporation is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, and specialty products and accessories to improve the performance, functionality and appearance of vehicles.
The Davis Polk capital markets team included partner Roshni Banker Cariello and associate Michael Schuster. The tax team included partner Mario J. Verdolini and associate Nancy B. Regan. Partner Frank J. Azzopardi provided intellectual property advice. All members of the Davis Polk team are based in the New York office.