Dealer Tire LLC has announced that it intends to offer $150 million in aggregate principal amount of senior notes, due 2028, in a private offering, subject to market and other conditions.
DT Issuer LLC, Dealer Tire's wholly-owned subsidiary, will act as co-issuer in the offering.
The notes are being offered as additional notes under the indenture, dated as of Feb. 5, 2020, pursuant to which the issuers previously issued $350 million aggregate principal amount of 8.000% senior notes, due 2028.
The notes will be unsecured senior obligations of the issuers and will be guaranteed of the company’s domestic subsidiaries.
Dealer Tire intends to use the net proceeds from the proposed offering for working capital and other general corporate purposes.
