AmeriCredit Names Rawls Auto Auction 2009 Auction of the Year

FORT WORTH, Texas–(BUSINESS WIRE)–AMERICREDIT CORP. (NYSE: ACF) has named Rawls Auto Auction in Leesville, S.C., as its 2009 Auction of the Year as part of the Company’s nationwide Auction of Excellence program.
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March 4, 2010, at 5:55 pm | Category: Automotive | View Comments

KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2009 Results and Files Fiscal 2009 Annual Report on Form 10-K

CARMEL, Ind.–(BUSINESS WIRE)–KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2009. For the fourth quarter of 2009, the company reported revenue of $417.9 million as compared with fourth quarter 2008 revenue of $396.2 million, an increase of 5%. Adjusted EBITDA for the fourth quarter of 2009 was $99.7… Continue reading KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2009 Results and Files Fiscal 2009 Annual Report on Form 10-K

February 26, 2010, at 12:30 am | Category: Automotive | View Comments

KAR Auction Services, Inc. Announces Canadian Securitization Transaction


CARMEL, Ind.–(BUSINESS WIRE)–KAR Auction Services, Inc. (the “Company”) today announced that its Canadian floorplan finance subsidiary, Automotive Finance Canada Inc. (“AFC Canada”), has entered into a securitization facility with a Canadian multi-seller conduit administered by an affiliate of a Canadian bank. The facility provides AFC Canada with up to CAD$75.0 million in financing to use in…

Posted By: Alfa Spartan
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February 12, 2010, at 11:20 pm | Category: Automotive | View Comments

Former Hospital and Office Buildings in Mesquite, Texas, up for Sealed Bid Auction from Sperry Van Ness Accelerated Marketing

February 5 auction will feature a former hospital and five medical office buildings on 11 acres in Mesquite, Texas. (PRWeb Jan 19, 2010)

Read the full story at http://www.prweb.com/releases/Mesquite_hospital/office_buildings/prweb3411364.htm

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January 19, 2010, at 12:20 pm | Category: Real Estate | View Comments

KAR Auction Services Announces Partial Exercise of Underwriters’ Option to Purchase Additional Shares


CARMEL, Ind.–(BUSINESS WIRE)–KAR Auction Services, Inc. (the “Company”) today announced that the underwriters of its initial public offering have partially exercised their option to purchase additional shares, electing to purchase an additional 2,656,050 shares of common stock at the initial public offering price less the underwriting discount. Goldman, Sachs & Co., Credit Suisse Securities…

Posted By: Alfa Spartan
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December 19, 2009, at 1:10 pm | Category: Automotive | View Comments

KAR Auction Services Announces Amendment of Tender Offer for Outstanding Notes


CARMEL, Ind.–(BUSINESS WIRE)–KAR Auction Services, Inc. (the “Company”) today announced that it has amended its previously announced cash tender offer for its 10% Senior Subordinated Notes due 2015 (CUSIP No. 48238QAF2) (the “First Priority Notes”), its 8¾% Senior Notes due 2014 (CUSIP No. 48238QAE5) (the “Second Priority Notes”) and its Floating Rate Senior Notes due 2014 (CUSIP No. 48238QAD7)…

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December 11, 2009, at 3:44 am | Category: Automotive | View Comments

KAR Auction Services Announces Tender Offer for the Company’s Outstanding Notes


CARMEL, Ind.–(BUSINESS WIRE)–KAR Auction Services, Inc. (the “Company”) today announced that it commenced a cash tender offer for an aggregate principal amount of its 10% Senior Subordinated Notes due 2015 (CUSIP No. 48238QAF2) (the “First Priority Notes”), its 8¾% Senior Notes due 2014 (CUSIP No. 48238QAE5) (the “Second Priority Notes”) and its Floating Rate Senior Notes due 2014 (CUSIP No….

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November 30, 2009, at 2:10 pm | Category: Automotive | View Comments

Senator John McCain’s Former Phoenix Estate to be Sold at Auction

The auction of the Phoenix Az., estate formally owned by Senator John & Cindy McCain will be held on December 5th at 11am.Appraised at more than $12 million, the 2.1± ac. estate includes over 15,000± s.f. living space, 13 bedrooms, 14.5 baths, two guest homes, a grand Mediterranean resort style pool and spa area.Owner financing is available on the real estate. (PRWeb Nov 20, 2009)

Read the full story at http://www.prweb.com/releases/higgenbotham/mccain/prweb3227284.htm

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November 20, 2009, at 2:11 pm | Category: Real Estate | View Comments