News Column

LKQ CORP FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

January 27, 2014

Item 8.01 Other Events. As previously reported, on May 9, 2013 LKQ Corporation (the "Company") completed an offering of $600 million aggregate principal amount of its 4.75% senior notes due May 15, 2023 (the "Notes") in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The Notes are guaranteed on a senior unsecured basis by certain of the Company's subsidiaries (the "Guarantors"). In connection with the sale of the Notes, the Company entered into a Registration Rights Agreement dated as of May 9, 2013 (the "Registration Rights Agreement") with the Guarantors and the representative of the initial purchasers of the Notes identified therein. Under the Registration Rights Agreement, the Company and the Guarantors have agreed to file an exchange offer registration statement (the "Registration Statement") to exchange the Notes for a new issue of debt securities registered under the Securities Act of 1933, with terms substantially identical to those of the Notes. The proceeds from the offering were used to repay revolver borrowings under the Company's Credit Agreement, including amounts borrowed to finance our acquisition of Sator Beheer B.V . in May 2013 , to pay related fees and expenses, and for general corporate purposes. In connection with the filing of the Registration Statement, the Company is filing this Current Report on Form 8-K for the purpose of including certain supplemental condensed consolidating financial information as required by Rule 3-10 of Regulation S-X with respect to the Guarantors. To provide this information, the Company is updating (i) Item 8 of Part II (Financial Statements and Supplementary Data) and Item 15 of Part IV (Exhibits and Financial Statement Schedules) of its Annual Report on Form 10-K for the year ended December 31, 2012 (the "2012 Form 10-K") to include Note 17, as set forth in Exhibit 99.1 hereto, and (ii) Item 1 of Part I (Financial Statements) of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 (the " September 2013 Form 10-Q") to include Note 14, as set forth in Exhibit 99.2 hereto. As this Current Report on Form 8-K is being filed only for the purposes described above, and only affects the Items specified above, the other information in the Company's 2012 Form 10-K and September 2013 Form 10-Q remains unchanged. No attempt has been made in this Current Report on Form 8-K to modify or update disclosures in the Company's 2012 Form 10-K or September 2013 Form 10-Q except as described above. This Current Report on Form 8-K does not reflect events occurring after the filing of the Company's 2012 Form 10-K or September 2013 Form 10-Q or modify or update any related disclosures. Information in the Company's 2012 Form 10-K or September 2013 Form 10-Q not affected by this Current Report on Form 8-K is unchanged and reflects the disclosures made at the time of the filings. Accordingly, this Current Report on Form 8-K should be read in conjunction with the Company's 2012 Form 10-K and September 2013 Form 10-Q and the Company's other filings made with the SEC subsequent to the filings of the original reports. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 23.1 Consent of Independent Registered Public Accounting Firm. 99.1 Audited consolidated financial statements of LKQ Corporation as of December 31, 2012 and 2011, and for the years ended December 31, 2012 , 2011, and 2010, as revised for the addition of Note 17 thereto relating to Guarantors of the Notes. 99.2 Unaudited condensed consolidated financial statements of the Company as of and for the three and nine-month periods ended September 30, 2013 and 2012, as revised for the addition of Note 14 thereto relating to Guarantors of the Notes. 101.INS XBRL Instance Document. 101.SCH XBRL Taxonomy Extension Schema Document. 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB XBRL Taxonomy Extension Label Linkbase Document. 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document. --------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools