Lithia & Driveway (LAD) Announces Proposed Senior Notes Offering
1. LAD plans to offer $500 million in senior notes due 2030. 2. Proceeds will repay revolving credit lines and support general corporate purposes. 3. The notes are offered to qualified institutional buyers under Rule 144A. 4. Forward-looking statements suggest significant uncertainties for LAD's future performance. 5. LAD aims to modernize personal transportation solutions through diversified services.