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Asbury Automotive Group Announces Pricing and Increase in Size of Its Private Placement of Notes Offering

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DULUTH, Ga., June 17, 2013 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company") announced today that it has priced its previously announced private placement of additional 8.375% senior subordinated notes due 2020 (the "Additional Notes").  The Company will issue $100.0 million in aggregate principal amount of the Additional Notes at a price of 109.75%, plus accrued and unpaid interest from and including May 15, 2013. The principal amount represents an increase of $25.0 million from the previously announced principal amount. The Additional Notes being offered are an additional issuance of, and will rank equally and form a single series with, the $200.0 million...

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