Simpson Thacher Represents Initial Purchasers in Bond Offering by Ken Garff Automotive
09.24.20
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Simpson Thacher represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with the bond offering by Ken Garff Automotive, LLC (“KGA”) of $400 million aggregate principal amount of 4.875% Senior Notes due 2028 pursuant to Rule 144A and Regulation S.
KGA is a leading private operator of automotive dealerships in the United States with 26 brands of new and used vehicles in 52 stores that comprise 89 franchises. KGA has locations in six states with concentrations of stores in the West and Midwest regions of the United States.
The Simpson Thacher team includes John C. Ericson, Evan Zuckerman, Kyle Schwab and Anna Jarman (Capital Markets); Jonathan Cantor and Jasmine Hay (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Lori Lesser and Melanie Jolson (Intellectual Property); Tim Mulvihill (Environmental); Abram Ellis, Mark Skerry and Laurel Fresquez (Regulatory); and Jennie Getsin (Blue Sky).