DriveTime Offers to Buy Notes Featured

By Staff Writer June 18, 2019

DriveTime Automotive Group Inc. and Bridgecrest Acceptance Corp. offered a cash tender to purchase all of their outstanding senior secured notes due 2021 with an aggregate principal of $400 million and 8 percent interest.

In conjunction with the tender offer, DriveTime is soliciting consents to effect certain proposed amendments to the indenture governing the notes. Holders may not tender their notes to the offer without delivering consents or deliver consents without tendering their notes.

The tender offer is scheduled to expire on July 15, unless extended or earlier terminated by DriveTime.

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Last modified on Monday, 24 June 2019 13:25

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