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    ACQ   CA05277B2093

AUTOCANADA INC.

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AutoCanada to Raise C$300 Million in Private Placement of Senior Unsecured Notes

01/20/2022 | 09:44am EDT

By Adriano Marchese


AutoCanada Inc. said Thursday that it plans to offer 300 million Canadian dollars, the equivalent of US$239.7 million, worth of senior unsecured notes on a private placement basis.

The Canadian automobile dealership company said the notes will be seven-year senior unsecured notes, and will be offered and sold on a private placement basis to accredited investors and qualified institutional buyers in Canada and the U.S.

The company will use the new funds to redeem its outstanding C$250 million 8.75% senior notes due in 2025.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-20-22 0944ET

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Analyst Recommendations on AUTOCANADA INC.
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Financials
Sales 2022 5 470 M 4 261 M 4 261 M
Net income 2022 143 M 111 M 111 M
Net Debt 2022 408 M 317 M 317 M
P/E ratio 2022 6,92x
Yield 2022 -
Capitalization 722 M 562 M 562 M
EV / Sales 2022 0,21x
EV / Sales 2023 0,18x
Nbr of Employees 2 550
Free-Float 85,2%
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AutoCanada Inc. Technical Analysis Chart | ACQ | CA05277B2093 | MarketScreener
Technical analysis trends AUTOCANADA INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 9
Last Close Price 27,87 CAD
Average target price 53,79 CAD
Spread / Average Target 93,0%
EPS Revisions
Managers and Directors
Michael A. Borys Chief Financial Officer
Paul W. Antony Director
Jeffrey Thorpe President-Canadian Operations
Dennis Stephan DesRosiers Independent Director
Barry Lee James Independent Director
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