-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O53uMsGrzFLgqC3f5pajHFi+Kop2t3aMxsENYSMw8/ynlwXOe4hGUnfJBNpJ1oBV cqMIBZS6Ag1J3KmU5GSWcw== 0001193125-10-073682.txt : 20100331 0001193125-10-073682.hdr.sgml : 20100331 20100331172831 ACCESSION NUMBER: 0001193125-10-073682 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100331 DATE AS OF CHANGE: 20100331 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUTONATION, INC. CENTRAL INDEX KEY: 0000350698 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 731105145 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-157354 FILM NUMBER: 10720770 BUSINESS ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547696000 MAIL ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION, INC. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AutoNation, Inc. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION INC /FL DATE OF NAME CHANGE: 19990407 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AUTONATION, INC. CENTRAL INDEX KEY: 0000350698 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 731105145 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547696000 MAIL ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION, INC. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AutoNation, Inc. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION INC /FL DATE OF NAME CHANGE: 19990407 FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Issuer Free Writing Prospectus

Filed by: AutoNation, Inc.

Pursuant to Rule 433 under the Securities Act of 1933

Registration Statement on Form S-3: No. 333-157354

AUTONATION, INC.

PRICING TERM SHEET

March 31, 2010

$400,000,000 6 3/4% Senior Notes due 2018

 

Issuer:    AutoNation, Inc.
Title of Securities:    6 3/4% Senior Notes due 2018
Distribution:    SEC registered
Aggregate Principal Amount:    $400,000,000
Maturity:    April 15, 2018
Coupon:    6.750%
Offering Price:    98.488% of principal amount
Yield to Maturity:    7.000%
Benchmark Treasury:    UST 3.500% due 02/15/18
Spread to Benchmark Treasury:    +355 bps
Benchmark Treasury Yield:    3.454%
Interest Payment Dates:    April 15 and October 15 of each year, commencing on October 15, 2010
Interest Payment Record Dates:    April 1 and October 1 of each year


Optional Redemption:    Make-whole call at T+50.
Equity Clawback:    Prior to April 15, 2013, up to 35% may be redeemed at 106.750%.

Change of Control

Repurchase Event:

   If a change of control repurchase event occurs, the Company will be required to make an offer to repurchase all outstanding Notes at a price in cash equal to 101% of the principal amount of the Notes, plus any accrued and unpaid interest to but not including the repurchase date.
Trade Date:    March 31, 2010

Settlement:

   T + 10 days; April 14, 2010
CUSIP:    05329WAJ1
ISIN:    US05329WAJ18
Ratings:    Ba2/BB+
   Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Joint Book-Running Managers:   

Banc of America Securities LLC

J.P. Morgan Securities Inc.

Wells Fargo Securities, LLC

Co-Lead Managers:   

Comerica Securities, Inc.

SunTrust Robinson Humphrey, Inc.

Co-Managers:

  

Fifth Third Securities, Inc.

Mitsubishi UFJ Securities (USA), Inc.

Mizuho Securities USA Inc.

Santander Investment Securities Inc.

 

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Changes from the Preliminary Prospectus Supplement:

On pages S-4, S-9 and S-10, “$365.2 million” is hereby replaced with “$438.2 million” in each place that it appears. Thus, the revised sentence will read as follows:

“In addition, also after giving pro forma effect to the transactions, we would have had approximately $551.3 million of undrawn capacity under the revolving facility of our existing credit agreement, of which we would have had the ability to borrow $438.2 million due to limitations imposed by a leverage ratio test.”

 

 

The issuer has filed a registration statement (including a prospectus and a prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by calling BofA Merrill Lynch at 1-800-294-1322 or email dg.prospectus_distribution@bofasecurities.com.

 

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