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EX-99.1 - EX-99.1 - KAR Auction Services, Inc.a17-13986_1ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): May 22, 2017

 


 

 

 

KAR Auction Services, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 


 

Delaware

 

001-34568

 

20-8744739

(State or Other Jurisdiction

 

(Commission

 

(I.R.S. Employer

Of Incorporation)

 

File Number)

 

Identification No.)

 

13085 Hamilton Crossing Boulevard

Carmel, Indiana 46032

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (800) 923-3725

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o

 

 

 



 

Item 8.01  Other Events.

 

On May 22, 2017, KAR Auction Services, Inc. announced that it plans to offer, subject to market conditions, approximately $800 million aggregate principal amount of senior notes due 2025.

 

A press release announcing the launch of the offering is attached as Exhibit 99.1 hereto.

 

Item 9.01  Financial Statements and Exhibits.

 

(d) Exhibits.

 

99.1                        Press release dated May 22, 2017 — “KAR Auction Services Announces Proposed Notes Offering”

 

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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.

 

 

KAR Auction Services, Inc.

 

 

 

 

By:

/s/ Eric M. Loughmiller

 

Name:

Eric M. Loughmiller

 

Title:

Executive Vice President and Chief Financial Officer

 

 

Dated: May 22, 2017

 

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Exhibit Index

 

Exhibit
Number

 

Description

 

 

 

99.1

 

Press release dated May 22, 2017 — “KAR Auction Services Announces Proposed Notes Offering”

 

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