Latham & Watkins Advises Initial Purchaser in Morgan Automotive Group’s US$700 Million Senior Notes Offering

LCM Investments Holdings II, LLC, a Delaware limited liability company, which owns all or a supermajority of the equity interests of the operating entities of Morgan Automotive, the fourth largest US-based private automotive retailer based on unit volume, has closed its offering of US$700 million aggregate principal amount of 4.875% Senior Notes due 2029.

Latham & Watkins LLP represented the initial purchaser in the offering with a capital markets team led by New York partners Michael Benjamin and Andrew Baker, with Washington, D.C. counsel Chuck Cassidy and New York associates Shawn Quinn and James Sullivan. Advice was also provided on tax matters by Chicago partner Rene de Vera.