AutoNation (AN) Enters New Aggregate $1.7B Facility

AutoNation, Inc. (NYSE: AN), has entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility. The new credit agreement contains an accordion feature that allows the Company, subject to credit availability, to increase the amount of the term loan and revolving credit facilities by up to $500 million in the aggregate. The new credit agreement will terminate on December 7, 2016.

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