CDK Global, Inc. (NASDAQ:CDK) Files An 8-K Other Events
Item 8.01
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Other Events
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press release announcing that it priced $600,000,000 aggregate
principal amount of its 4.875% Senior Notes due 2027,
representing an increase of $100,000,000 from the previously
announced size (the Notes). The Notes will mature on June
1, 2027. The Notes will be general unsecured obligations of the
Company and will not be guaranteed by any of the Companys
subsidiaries. The net proceeds from the sale of the Notes are
expected to be used by the Company for general corporate
purposes. The press release is attached hereto as Exhibit 99.1
and incorporated by reference herein.
from registration under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent such
registration or an exemption from the registration requirements
of the Securities Act. This Report does not constitute an offer
to sell or the solicitation of an offer to buy any security and
shall not constitute an offer, solicitation or sale of any
security in any jurisdiction in which such offering, solicitation
or sale would be unlawful. This Report contains information about
pending transactions, and there can be no assurance that these
transactions will be completed.
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits.
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Exhibit
Number
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Description of Exhibit
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99.1
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Press Release dated May 10, 2017, issued by the Company. |
About CDK Global, Inc. (NASDAQ:CDK)
CDK Global, Inc. provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Through its Advertising North America segment, the Company provides advertising solutions, including management of digital advertising spend, for OEMs and automotive retailers. As of June 30, 2016, through its CDK International segment, it provided technology-based solutions similar to the retail solutions provided in its Retail Solutions North America segment in approximately 100 countries outside of the United States and Canada. CDK Global, Inc. (NASDAQ:CDK) Recent Trading Information
CDK Global, Inc. (NASDAQ:CDK) closed its last trading session up +1.08 at 63.19 with 982,218 shares trading hands.
