Latham & Watkins Advises on Lithia Motors, Inc.’s Upsized US$600 Million Senior Notes Offering

On September 10, 2025, Lithia Motors, Inc. (NYSE: LAD) closed an offering of US$600 million aggregate principal amount of 5.500% senior notes due 2030 in a private placement to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933 and outside the United States pursuant to Regulation S under the Securities Act of 1933. The aggregate principal amount of the offering was increased from the previously announced offering size of US$500 million.

Latham & Watkins LLP represented the initial purchasers in the offering with a Capital Markets team led by Los Angeles partner Steven Stokdyk, with associates Brice Stewart and Dylan Shamoon.