LKQ Corp Files 8-K on Material Definitive Agreement
Ticker: LKQ · Form: 8-K · Filed: Feb 29, 2024 · CIK: 1065696
Sentiment: neutral
Topics: material-agreement, corporate-filing
TL;DR
**LKQ just signed a big deal, details to follow, but it's a material event!**
AI Summary
LKQ Corporation filed an 8-K on February 28, 2024, reporting an entry into a material definitive agreement and other events. The filing indicates the company's business address is 500 West Madison Street, Suite 2800, Chicago, Illinois 60661, and its telephone number is (312) 621-1950. This report was filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
Why It Matters
This filing signals a new significant agreement for LKQ Corporation, which could impact its future operations and financial performance. Investors should monitor for details of the agreement.
Risk Assessment
Risk Level: medium — The filing mentions a 'material definitive agreement' but lacks specific details, creating uncertainty about its potential impact.
Key Players & Entities
- LKQ CORPORATION (company) — Registrant
- February 28, 2024 (date) — Date of earliest event reported
- 500 West Madison Street , Suite 2800 Chicago , Illinois 60661 (address) — Principal executive offices
- (312) 621-1950 (phone_number) — Registrant's telephone number
- Delaware (location) — State of incorporation
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 28, 2024.
What is the business address of LKQ CORPORATION?
The business address of LKQ CORPORATION is 500 West Madison Street, Suite 2800, Chicago, Illinois 60661.
What type of event was reported under Item 1.01?
The event reported under Item 1.01 was 'Entry into a Material Definitive Agreement'.
What is the Commission File Number for LKQ CORPORATION?
The Commission File Number for LKQ CORPORATION is 000-50404.
In which state is LKQ CORPORATION incorporated?
LKQ CORPORATION is incorporated in Delaware.
Filing Stats: 1,043 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-02-28 19:15:37
Filing Documents
- lkq-20240228.htm (8-K) — 34KB
- exhibit11.htm (EX-1.1) — 363KB
- exhibit991-pricingpressrel.htm (EX-99.1) — 9KB
- lkqpressreleaseimagea.jpg (GRAPHIC) — 14KB
- 0001065696-24-000026.txt ( ) — 617KB
- lkq-20240228.xsd (EX-101.SCH) — 2KB
- lkq-20240228_lab.xml (EX-101.LAB) — 25KB
- lkq-20240228_pre.xml (EX-101.PRE) — 13KB
- lkq-20240228_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On February 28, 2024, LKQ Corporation (the "Company," "we," "us," or "our"), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid ) incorporated under the laws of The Netherlands ("LKQ Finance"), entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities Europe S.A., HSBC Continental Europe and Wells Fargo Securities Europe S.A. and the several other underwriters named in Schedule A thereto (the "Underwriters") in connection with the offer and sale by LKQ Finance to the Underwriters (the "Offering") of 750,000,000 aggregate principal amount of its 4.125% Notes due 2031 (the "Offered Notes"). The Offered Notes will be initially fully and unconditionally guaranteed on a senior unsecured basis (the "Guarantees") by the Company and each of its wholly owned U.S. subsidiaries that are guarantors under our credit agreement, dated as of January 5, 2023 (the "Senior Unsecured Credit Agreement") and described in our Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on January 6, 2023 and our term loan credit agreement, dated as of March 27, 2023 (the "CAD Note") and described in our Current Report on Form 8-K filed with the SEC on March 28, 2023. The Offered Notes will also be guaranteed by each of the Company's U.S. subsidiaries that in the future agrees to guarantee the Company's obligations under the Senior Unsecured Credit Agreement, the CAD Note, any other Credit Facility Debt (as defined in the Company's preliminary prospectus supplement filed with the SEC on February 28, 2024) or any Capital Markets Debt (as defined in the Company's preliminary prospectus supplement filed with the SEC on February 28, 2024). LKQ Finance plans to use the net proceeds from the Offering and cash on hand to (i) pay outstanding indebtedness, including
01 Other Events
Item 8.01 Other Events. On February 28, 2024, the Company issued a press release announcing that it priced its offering of 750,000,000 in aggregate principal amount of senior unsecured notes. A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 1.1 Underwriting Agreement dated as of February 28, 2024 among LKQ Dutch Bond B.V., as Issuer, LKQ Corporation, as a guarantor, the Guarantors listed therein, BofA Securities Europe S.A., HSBC Continental Europe and Wells Fargo Securities Europe S.A. and the several other underwriters named therein. 99.1 LKQ Corporation Press Release dated February 28, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 28, 2024 LKQ CORPORATION By: /s/ Rick Galloway Rick Galloway Senior Vice President and Chief Financial Officer