FORT LAUDERDALE, Fla., Nov. 11 /PRNewswire-FirstCall/ --
AutoNation, Inc. (NYSE: AN) announced today that it has received the requisite
consents under the consent solicitation for its $450,000,000 of 9% Senior
Notes due 2008 (the "Notes") and has therefore amended the terms of the
Indenture relating to the Notes. The amendment increases by $400 million the
Company's capacity to make restricted payments under the terms of the
Indenture, including payments for the repurchase of the Company's common
stock.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's
largest retailer of both new and used vehicles. Ranked #101 on the 2002
Fortune 500, AutoNation employs approximately 30,000 people and owns and
operates 372 new vehicle franchises in 17 states. Additional information is
available at www.AutoNation.com, where consumers can find more than 94,000
vehicles available for sale, or at corp.AutoNation.com.
SOURCE AutoNation, Inc.
CONTACT: Oscar Suris of AutoNation, Inc., +1-954-769-3576, or
suriso@AutoNation.com
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