Credit Facility Agreement, Monthly Vehicle Sales Update, and Financial Results - Analyst Notes on Visteon, O'Reilly, AutoNation, Lithia, and Meritor
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Visteon Corp. (NYSE: VC), O'Reilly Automotive Inc. (NASDAQ: ORLY), AutoNation Inc. (NYSE: AN), Lithia Motors Inc. (NYSE: LAD), and Meritor, Inc. (NYSE: MTOR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1133-100free
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Visteon Corp. Analyst Notes
On April 9, 2014, Visteon Corp. (Visteon) announced that it has entered into a credit agreement amounting to $800 million, which includes a $600 million seven-year term loan B as well as a $200 million five-year revolving credit facility, with maturity dates of April 9, 2021 and April 9, 2019, respectively. According to the Company, the new term loan was issued at 99.75 original issue discount, set at 275 basis points with 0.75% Libor Floor. Visteon intend to use the proceeds to finance the redemption of its existing 6.75% senior notes due in 2019 and for other corporate purposes. The Company added that it will redeem all remaining outstanding 2019 notes on May 9. 2014 at the call price of 105.063%. The full analyst notes on Visteon Corp. will be available to download free of charge at:
http://www.analystsreview.com/1133-VC-.pdf
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O'Reilly Automotive Inc. Analyst Notes
On April 1, 2014, O'Reilly Automotive Inc. (O'Reilly) announced that it will report its Q1 2014 financial results on April 23, 2014, at 5:30 p.m. CT. A conference call to discuss the results will be aired the following day, April 24, 2014, at 10:00 a.m. CT. Link to the conference call and the financial release will be made available on the Company's website. The full analyst notes on O'Reilly Automotive Inc are available to download free of charge at:
http://www.analystsreview.com/1133-ORLY-.pdf
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AutoNation Inc. Analyst Notes
On April 2, 2014, AutoNation Inc. (AutoNation) announced that its total retail new vehicle sales and same-store retail new vehicle sales for March 2014 were registered as 28,796 units and 28,158 units, up 6% YoY and 4% YoY, respectively, with no comparable data with March 2013 new vehicle sales. Meanwhile, total retail new vehicle sales and same-store retail new vehicle sales in Q1 2014 registered 70, 217 units and 68, 682 units, up 4%YoY and 2%YoY. The Company added that it expects to report April 2014 retail new vehicle unit sales on May 2, 2014. The full analyst notes on AutoNation Inc. are available to download free of charge at:
http://www.analystsreview.com/1133-AN-.pdf
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Lithia Motors Inc. Analyst Notes
On April 7, 2014, Lithia Motors Inc. (Lithia) announced that it will release its Q1 2014 financial results on April 24, 2014, before the market opens, followed by a conference call on the same day at 11:00 a.m. ET. The full analyst notes on Lithia Motors Inc. are available to download free of charge at:
http://www.analystsreview.com/1133-LAD-.pdf
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Meritor, Inc. Analyst Notes
On April 9, 2014, Meritor, Inc. (Meritor) announced that it will host a conference call to discuss the Q2 FY 2014 financial results on May 1, 2014, followed by a webcast at 9:00 a.m. ET. Link to the replay will be made available on the Company's website. The full analyst notes on Meritor, Inc. are available to download free of charge at:
http://www.analystsreview.com/1133-MTOR-.pdf
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