FORT LAUDERDALE, Fla., Dec 28, 2001 /PRNewswire via COMTEX/ -- AutoNation, Inc.
(NYSE: AN), America's largest retailer of new and used vehicles, today announced
that it has extended the expiration date of its offer to exchange $450,000,000
aggregate principal amount of its 9% Senior Notes due 2008, which have been
registered under the Securities Act of 1933, as amended, for like amounts of its
unregistered 9% Senior Notes due 2008, which were issued on August 10, 2001. As
a result of the extension, the exchange offer is now scheduled to expire at 5:00
p.m., New York City time, on January 4, 2002, unless further extended.
The exchange offer was originally set to expire at 12:00 midnight, New York City
time, on December 27, 2001. As of 12:00 midnight, New York City time on December
27, 2001, approximately $449 million of the outstanding notes had been tendered
for exchange.
Except for the extension of the expiration date, all of the other terms of the
exchange offer remain as set forth in the prospectus that forms a part of a
Registration Statement on Form S-4 relating to the exchange offer filed by
AutoNation, Inc. with the Securities and Exchange Commission (SEC). Copies of
the prospectus and related documents may be obtained from Wells Fargo Bank
Minnesota, National Association, as exchange agent for the exchange offer, at
the following address:
Corporate Trust Services
Wells Fargo Bank Minnesota, National Association
213 Court Street -- Suite 902
Middletown, CT 06457
Attention: Robert L. Reynolds - Vice President
(860) 704-6216 (telephone)
(860) 704-6219 (facsimile)
The Registration Statement on Form S-4 relating to the exchange offer and the
other documents filed with the SEC by AutoNation, Inc. with respect to the
exchange offer contain important information, all of which noteholders are urged
to read. These and other documents relating to the exchange offer may be
obtained for free at the SEC's Web site, www.sec.gov , or from AutoNation, Inc.
by directing such request in writing or by telephone to: Investor Relations
Department, AutoNation, Inc., AutoNation Tower, 110 S.E. 6th Street, Fort
Lauderdale, Florida 33301, phone number: (954) 769-7000. This communication is
neither an offer to exchange nor a solicitation of an offer to exchange any
securities. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933,
as amended.
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SOURCE AutoNation, Inc.
CONTACT: Marc Cannon of AutoNation, Inc., +1-954-769-3146, or
[email protected]
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