DriveTime, Bridgecrest Give Update

By Staff Writer June 17, 2020

DriveTime Automotive Group, Inc. and Bridgecrest Acceptance Corporation announced the early tender results of their previously announced cash tender offer  to purchase up to $50,000,000 aggregate principal amount outstanding (of their 8.00 percent Senior Secured Notes due 2021 (CUSIP Nos. 26209NAK9 and U26449AE5.)  Additionally, DriveTime announced that it is extending the deadline for receiving the early tender premium of $30.00 for each $1,000 principal amount of Notes tendered through 11:59 p.m., New York City time, on June 26. Other than the extension described above, all other terms and conditions of the Tender Offer remain unchanged and subject to the terms and conditions described in DriveTime’s Offer to Purchase dated June 1.

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Last modified on Wednesday, 17 June 2020 16:19

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